The People v. . the New England Mutual Life Insurance Co.

By the act of 1844 companies could be organized to make insurance on lives, c., and for all kinds of insurance. No deposit with the comptroller was required to be made by any company created under the laws of another State, but companies incorporated by any foreign government other than the states of this Union, were to have certain stocks, which were to be held in trust by citizens of this State (p. 444, § 7).

By the act of 1851, chapter 95, all companies transacting the business of life insurance within this State were to deposit with the comptroller $100,000 in public stocks or bonds and…