Watertown Fire Insurance v. Bust

f The statute in relation to insurance provides, among other things, that “it shall not he lawful for any insurance company organized under the laws of any other State, * * * directly or indirectly to take risks or transact any business of insurance in this State,” except upon complying with conditions therein prescribed. (Rev. Stat. 1887, chap. 73, secs. 22, 112-116, 124.) Appellant was incorporated under the law of Dakota, and having complied with the requirements of the statute supra, in May, 1887, it was duly licensed to do business in this State. In the following July it appointed an…