Johnson v. Elliott

The Centennial Mutual Insurance Company was incorporated under Division III of Chapter 42, C. L. (Colo.) 1921, p. 836, et seq., relating to mutual insurance, its object apparently being to insure against loss or liability by reason of bodily injury or death. Under this law an insurance company may not issue policies or transact any business of insurance unless and until it has fully complied with the conditions prescribed by the act, and not until the insurance commissioner has by formal license authorized it to do so. Among other conditions precedent to issuance of the license, which the…