ROSELLINI, J.
This action was commenced on May 29, 1969, by the Insurance Commissioner for the State of Washington, in his capacity as statutory rehabilitator of Federal Old Line Insurance Company (Mutual), a domestic mutual insurance company, under the authority of RCW 48.31.120(2). The respondents are the former officers and directors of the defunct insurance company.
In 1963, Lee I. Kueckelhan, then State Insurance Commissioner, petitioned the superior...
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