Brown v. Spackman

Citations

• 29 Pa. Super. 638
• 1905 Pa. Super. LEXIS 397

Syllabus

<p>Insurance — Mutual companies — Assessments—Withdrawals—Receivers.</p> <p>A mutual insurance company does not by permitting a member to withdraw, relieve Mm from Ms obligation to pay Ms proportion of losses incurred during the life of his policy, even where they were not charged against him prior to his withdrawal. He must pay the proportion of all liabilities occurring during the continuance of his policy up to the time of his withdrawal.</p> <p>An order of the court having jurisdiction of the subject directing the receiver of an insolvent mutual insurance company to make assessments on policies to cover losses during the period of the life of the policies, is conclusive both as to the necessity for and the amount of the assessment, and cannot be questioned in either respect in any collateral or ancillary proceeding.</p>