Court Opinion

ID: 9309570
Source: CourtListenerOpinion
Date Created: 2022-12-02 17:37:51.737903+00
Date Added: 2024-06-11T17:14:05.263714
License: Public Domain

GIFFEN, J.
The collection by the defendant corporation from its members of certain sums of money in advance of any loss being sustained and assessment made therefor, whether done directly by the company or through a trustee, is authorized by Rev. Stat. 3686 (Lan. 5895), which provides that the members—
“May make, assess and collect upon and from each other such sums of money, from time to time, as may be necessary to pay losses which occur by fire * * * to any member of such association, and the assessment and collection of such sums of money shall be regulated by the constitution and by-laws of the association.”
The allegation that the defendant corporation did not on January 1, 1905, file with the superintendent of insurance of Ohio, a true statement of the condition of such association on the thirty-first day of December next preceding, is sustained by the evidence, but the variation between the report and the true condition of the company is not such as to warrant the court in granting a judgment of ouster.
The third ground in the petition is not sustained by the evidence, and we are of the opinion that the petition should be dismissed, which is accordingly done.
Swing, J., concurs.
Jelke, J., dissents.