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COMM. OF INS. v. CENTURY FIRE AND MARINE INS. CORP.

373 Mass. 473 (1977)

367 N.E.2d 842

COMMISSIONER OF INSURANCE vs. CENTURY FIRE AND MARINE INSURANCE CORPORATION.

Supreme Judicial Court of Massachusetts, Suffolk.

October 3, 1977.

Attorney(s) appearing for the Case

Herbert D. Lewis for the defendant.

Terence P. O'Malley, Assistant Attorney General (Terry Jean Seligman, Assistant Attorney General, with him) for the plaintiff.

Present: HENNESSEY, C.J., QUIRICO, BRAUCHER, & WILKINS, JJ.

BRAUCHER, J.

Pursuant to G.L.c. 175, § 6, a single justice of this court concluded that the capital of the defendant insurance company is impaired, that it cannot with safety to the public and its policyholders be permitted to continue to transact business, and that its condition is such as to render its further transaction of business hazardous to the public, its policyholders and creditors. He issued a permanent injunction...

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