Ogden Morning Examiner | 1909-05-23 | Page 1 | Sustains Law Adverse to Insurance Companies

SUSTAINS LAW ADVERSE TO INSURANCE COMPANIES Jefferson City Cit May il n 22 Tho Mis Missouri I wurl supreme court sitting sitU II en banc bane today oda sustained the tho state stab law In w which denies licenses to Insurance I com corn companies panics which pay any an of their officers in III excess of The act was as passed two to years c rs ago ngo and has the subject ot ur u extended litigation lion tion TorJa s decision was on an nn application Lion tion from three throe large eastern com ponies panics for a t writ of mandamus to lo corn com the tile state slate Insurance to Issue licenses to them Tho rho writ was to 10 tho thin petitioners tho Equit Equitable u It able ahle Life Assurance Society the UIO Pru Prudential Insurance company compan and anil the tho Metropolitan Lifo Life Insurance company While upholding the validity of tho UIO the th court declared that It was legislation and nuo recommended Its repeal