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AGASSIZ & ODESSA MUT. FIRE INS. CO. v. MAGNUSSON

No. 39492.

136 N.W.2d 861 (1965)

AGASSIZ & ODESSA MUTUAL FIRE INS. CO., et al., Appellants, v. Cyrus E. MAGNUSSON, Commissioner of Insurance of State of Minnesota, Respondent.

Supreme Court of Minnesota.

August 20, 1965.

Attorney(s) appearing for the Case

Scallen, Stone, Evidon & Harder, Minneapolis, Robert Kucera, Northfield, Tomasek & Vogel, Grinnell, Iowa, for appellants.

Robert W. Mattson, Atty. Gen., Robert A. Albrecht and David M. Lebedoff, Sp. Asst. Attys. Gen., for respondent.

Hansen & Hazen and Wayne P. Dordell, St. Paul, amicus curiae.

KNUTSON, Chief Justice.

Action by 28 township mutual fire insurance companies licensed under Minn.St. c. 67 to enjoin Cyrus E. Magnusson, commissioner of insurance of the State of Minnesota, from taking any action under an order issued by him on October 23, 1962, which directed plaintiffs to terminate their reinsurance contracts with Grinnell Mutual Reinsurance Company of Grinnell, an Iowa corporation licensed to do a reinsurance business in Minnesota, referred to...

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