Commonwealth ex rel. Kirkpatrick v. American Life Insurance

Citations

• 170 Pa. 170
• 32 A. 405
• 1895 Pa. LEXIS 1378

Syllabus

<p>Insurance — Life insurance — Insolvency—Dissolution.</p> <p>Claims against a dissolved stock life insurance company, founded upon death losses occurring prior to the dissolution, are not entitled to priority of payment, as against claims resting upon imlicies running at the date of dissolution. Miller’s Appeal, 162 Pa. 586, followed.</p> <p>When in Riegel v. American Life Insurance Company, 153 Pa. 134, the Supreme Court directed that the “defendant company” should pay to plaintiff the sum of six thousand dollars with interest, it was not intended to give her a lien upon the assets of the company, but simply that she was entitled to her policy for that amount without preference, and to receive only a dividend of the assets of the company in the hands of the receiver along with all other creditors of the same class.</p>