2

Ins. (2)
✓CHAPTER I — WHAT IS INSURANCE.

(71—90) Pretty academic. Usually not much of a
problem. But sometime it's imp. whether you've
got an ins. relationship or not.

(Where this question might arise)
1) If you've got state legislation regulating
ins., it's imp. whether a co. is doing an ins
business or not. 1st 2 Cases

Have atty. gen. of state trying to oust co. for
doing ins. business.

a) Reserve requirements

2) "Illegal И" defense — {(...) there}

3) Bankruptcy Act

4) Testator