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INDEP. INS. AGENTS v. COMMISSIONER OF MICH. FINANCIAL INSTITUTIONS BUREAU

Docket Nos. 79131, 79266.

145 Mich. App. 373 (1985)

377 N.W.2d 410

INDEPENDENT INSURANCE AGENTS OF MICHIGAN v. COMMISSIONER OF MICHIGAN FINANCIAL INSTITUTIONS BUREAU

Michigan Court of Appeals.

Decided September 3, 1985.

Attorney(s) appearing for the Case

Downs, Zagaroli & Downs, P.C. (by Michael A. Zagaroli and Tom Downs), for plaintiff.

Frank J. Kelley, Attorney General, Louis J. Caruso, Solicitor General, and Harry G. Iwasko, Jr., and Philip J. Smith, Assistants Attorney General, for the Commissioner of Michigan Financial Institutions Bureau.

Dykema, Gossett, Spencer, Goodnow & Trigg (by Timothy A. Fusco and Nancy S. Martin), for Three Rivers Savings & Loan Association.

Before: R.M. MAHER, P.J., and R.B. BURNS and ALLEN, JJ.

R.B. BURNS, J.

On February 16, 1984, defendant Commissioner of the Michigan Financial Institutions Bureau (Commissioner) issued an order allowing defendant Three Rivers Savings & Loan Association (Three Rivers) to purchase an insurance agency through a wholly-owned service corporation. Plaintiff Independent Insurance Agents of Michigan (IIAM) filed suit against defendants, claiming the Commissioner's order was unlawful and seeking to prevent the approval and acquisition...

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