People v. Columbia Casualty Co.

Plaintiff sues on a bond issued by the defendant as surety and the Independence Indemnity Company as principal pursuant to the requirements of subdivision 7 of section 54 of the Workmen’s Compensation Law, as added by chapter 305 of the Laws of 1929. The bond in question was filed on the 18th day of June, 1930, to enable the principal to comply with the requirements of the statute mentioned.

The essential provisions of the statute are that no policy or contract of workmen’s compensation insurance shall be issued in this State by a foreign insurance company unless such company files a bond to…