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SECURITY OF AMERICA LIFE INS. CO. v. COM.

No. 953 C.D. 1976.

29 Pa.Commw. 326 (1977)

In Re: Security of America Life Insurance Company, Appellant v. Commonwealth of Pennsylvania, Insurance Department.

Commonwealth Court of Pennsylvania.

April 19, 1977.

Attorney(s) appearing for the Case

Walter L. Foulke, with him Drinker, Biddle & Reath, for appellant.

John H. Isom, Assistant Attorney General, with him Guy J. DePasquale, Assistant Attorney General, and Robert P. Kane, Attorney General, for appellee.

Argued February 3, 1977, before Judges KRAMER, ROGERS and BLATT, sitting as a panel of three.

OPINION BY JUDGE ROGERS, April 19, 1977:

Security of America Life Insurance Company (Security) is engaged in Pennsylvania in the business of writing Group Credit Life Insurance and Group Credit Accident and Health Insurance. Security issues its policies to lending institutions which in turn offer to their debtors the option to have life and total disability insurance under the lending institution's policy — life in the amount of their debt and disability in...

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