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BARGER v. ALL-COVERAGE INS. EXCHANGE

Docket No. 35622.

20 Cal.App.3d 675 (1971)

97 Cal. Rptr. 888

RICHARD D. BARGER, as Insurance Commissioner, etc., Plaintiff and Respondent, v. ALL-COVERAGE INSURANCE EXCHANGE, AUTOMOBILE AND FIRE, Defendant and Appellant.

Court of Appeals of California, Second District, Division Two.

October 19, 1971.

Attorney(s) appearing for the Case

COUNSEL

Talmadge M. Hagee for Defendant and Appellant.

Evelle J. Younger, Attorney General, and Arthur C. DeGoede, Deputy Attorney General, for Plaintiff and Respondent.

OPINION

HERNDON, J. —

Statement of the Case

At issue in this appeal is the disposition of moneys collected through an assessment of the policyholders of All-Coverage Insurance Exchange, a reciprocal insurer, appellant herein. The assessment, levied pursuant to the provisions of section 1062 of the Insurance Code, produced a fund which was more than sufficient to pay all approved claims in full.

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