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LUDINGTON SERVICE v. INS COMM'R

Docket No. 129072.

194 Mich. App. 255 (1992)

486 N.W.2d 120

LUDINGTON SERVICE CORPORATION v. COMMISSIONER OF INSURANCE

Michigan Court of Appeals.

Decided May 18, 1992, at 9:05 A.M.

Attorney(s) appearing for the Case

Honigman Miller Schwartz & Cohn (by John D. Pirich, Timothy Sawyer Knowlton, and Frederick D. Doherty, Jr.), for Ludington Service Corporation.

Frank J. Kelley, Attorney General, Gay Secor Hardy, Solicitor General, and Harry G. Iwasko, Jr., and William A. Chenoweth, Assistant Attorneys General, for Commissioner of Insurance.

Zagaroli, Colpean & Venuto, P.C. (by Michael A. Zagaroli, John C. Colpean, and Frank R. Venuto), for Independent Insurance Agents of Michigan, Michigan Association of Professional Insurance Agents, and Michigan State Association of Life Underwriters.

Before: SHEPHERD, P.J., and SAWYER and CONNOR, JJ.

SAWYER, J.

Plaintiff appeals from an order of the circuit court affirming a declaratory ruling of the Commissioner of Insurance. The commissioner ruled that the proposed plan submitted by plaintiff to purchase and operate an insurance agency would violate the Insurance Code and result in revocation of the agency's license. We reverse.

Ludington Savings Bank (LSB) is a federally chartered savings and loan institution located in Ludington. It desires to purchase...

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