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ALLSTATE INSURANCE CO. v. STATE BOARD OF INSURANCE

No. 11367.

401 S.W.2d 131 (1966)

ALLSTATE INSURANCE COMPANY, Appellant, v. STATE BOARD OF INSURANCE, Appellee.

Court of Civil Appeals of Texas, Austin.

Rehearing Denied April 6, 1966.

Attorney(s) appearing for the Case

Osorio & Palmer, E. Eugene Palmer, Austin, for appellant.

Waggoner Carr, Atty. Gen., Hawthorne Phillips, First Asst. Atty. Gen., T. B. Wright, Executive Asst. Atty. Gen., Paul W. Phy, John W. Fainter, Jr., Asst. Attys. Gen., Austin, for appellee.

ARCHER, Justice.

This is a suit in which appellant Allstate Insurance Company challenged certain rules and regulations promulgated and adopted by the appellee State Board of Insurance which prohibited the charging of less than six per centum per annum simple interest on deferred insurance premium payments on all lines of insurance subject to the provisions of Chapter 5, Texas Insurance Code, 1951, as amended, V.A. T.S., written by insurance companies licensed to write...

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