Milwaukee Bedding Co. v. Graebner

The respondent contends that this action may be maintained upon two theories, one of which is that the conversation between Miss Graebner and Mr. ..Schilling amounted to an oral contract of insurance between Graeb-ner and the Bedding Company by which Graebner agreed to *176insure the company for the period of one year from' the 24th day of February, 1920. This theory cannot be sustained, for the reason that sub. 2, sec. 1941 — 64m, Stats., expressly prohibits the issuance of contracts of fire insurance by any except authorized fire insurance companies, in the following language:

“No unauthorized…