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IN RE AMERICAN INVESTORS ASSURANCE COMPANY

No. 13388.

521 P.2d 560 (1974)

In the Matter of Rehabilitation of AMERICAN INVESTORS ASSURANCE COMPANY, David G. Elmore, Appellant.

Supreme Court of Utah.

April 17, 1974.

Attorney(s) appearing for the Case

F.S. Prince and Steven L. Taylor of Prince, Yeates, Ward, Miller & Geldzahler, Salt Lake City, for appellant.

Vernon B. Romney, Atty. Gen., William G. Gibbs, Sp. Asst. Atty. Gen., John F. Piercey of Piercey, Bradford & Marsden, Salt Lake City, for respondents.

CALLISTER, Chief Justice:

Shareholder, David G. Elmore, on behalf of himself and all other shareholders of American Investors Assurance Company (hereinafter A.I.A.) appeals from a decree of the district court approving a plan of rehabilitation recommended by the deputy insurance commissioner.

In September 1971, the insurance commissioner applied for an order directing him to rehabilitate A.I.A., a domestic insurer...

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