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BLUE CROSS & BLUE SHIELD OF CONNECTICUT, INC. v. MIKE

184 Conn. 352 (1981)

BLUE CROSS AND BLUE SHIELD OF CONNECTICUT, INC., ET AL. v. JOSEPH C. MIKE, INSURANCE COMMISSIONER OF CONNECTICUT, ET AL.

Supreme Court of Connecticut.

Decision released June 9, 1981.

Attorney(s) appearing for the Case

John G. Haines, assistant attorney general, with whom, on the brief, was Carl R. Ajello, attorney general, for the appellant (named defendant).

Ralph G. Elliot, for the appellants (defendants Travelers Ins. Co. et al.).

John E. Silliman, with whom, was Mark F. Korber, for the appellees (plaintiffs).

BOGDANSKI, C. J., PETERS, HEALEY, PARSKEY and WRIGHT, JS.

PARSKEY, J.

The plaintiff Blue Cross & Blue Shield of Connecticut, Inc. (Blue Cross) applied to the commissioner of insurance (commissioner), pursuant to General Statutes § 38-39b, for permission to acquire by purchase 100 percent of the common stock of the plaintiff American Professional Life Insurance Company (Life). The commissioner denied the application on the ground that the proposed acquisition would not be in the public interest because Blue Cross...

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