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BUNKER HILL MUT. INS. CO. v. LESLIE

382 Pa. 356 (1955)

Bunker Hill Mutual Insurance Company, Appellant, v. Leslie, Insurance Commissioner.

Supreme Court of Pennsylvania.

June 27, 1955.

Attorney(s) appearing for the Case

Ralph B. Umsted, for appellant.

Ralph S. Snyder, Deputy Attorney General, with him Edward L. Springer, Deputy Attorney General, Joseph L. Cohen, Assistant Deputy Attorney General, John Skelton, General Counsel, Insurance Department, and Herbert B. Cohen, Attorney General, for Commonwealth of Pennsylvania, appellee.

Before STERN, C.J., STEARNE, JONES, CHIDSEY, MUSMANNO and ARNOLD, JJ.

OPINION BY MR. JUSTICE MUSMANNO, June 27, 1955:

On September 27, 1954, the Insurance Commissioner of Pennsylvania suspended the business operations of the Bunker Hill Mutual Insurance Company because its books failed to show that it had set up a reserve for unearned premiums on its non-assessable fire insurance policies, which liability, had it appeared on the books, would have resulted in a Company deficit of $118,498.75...

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