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ARKWRIGHT MUTUAL INS. CO. v. COMMISSIONER OF INSURANCE

351 Mass. 422 (1966)

221 N.E.2d 740

ARKWRIGHT MUTUAL INSURANCE COMPANY & another vs. COMMISSIONER OF INSURANCE.

Supreme Judicial Court of Massachusetts, Suffolk.

December 2, 1966.

Attorney(s) appearing for the Case

David W. Hays, Assistant Attorney General, for the defendant.

John L. Saltonstall, Jr. (Richard S. Chute with him) for the plaintiffs.

Present: WILKINS, C.J., SPALDING, WHITTEMORE, CUTTER, KIRK, SPIEGEL, & REARDON, JJ.

SPIEGEL, J.

This is a bill for a declaratory decree in regard to the meaning of the word "profits" as it is used in G.L.c. 175, § 80.

A judge of the Superior Court made "Findings, Rulings and Order for Decree" which we herewith summarize. The plaintiffs, Arkwright Mutual Insurance Company (Arkwright) and Boston Manufacturers Mutual Insurance Company (Boston), are mutual fire insurance companies incorporated under the laws of Massachusetts and have their...

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