British Commercial Life Insurance v. Commissioners of Taxes & Assessments
New York Court of Appeals
The plaintiffs were incorporated by an act of parliament of the United Kingdom of Great Britain and Ireland, in 1821. They had a number of agencies in this State, for the purpose of receiving applications for insurance. These applications for insurance are submitted to the directors of the company in England; and if the risk is approved, policies are made out and transmitted to these agencies here, who receive the premiums thereon and remit them to England.
Read the full summary
The plaintiffs were incorporated by an act of parliament of the United Kingdom of Great Britain and Ireland, in 1821. They had a number of agencies in this State, for the purpose of receiving applications for insurance. These applications for insurance are submitted to the directors of the company in England; and if the risk is approved, policies are made out and transmitted to these agencies here, who receive the premiums thereon and remit them to England. All losses are paid through these agents. This company made the necessary deposits with the comptroller, in pursuanee of the act of 1853…
1Opinion of the Court
This court held the company to be properly assessed, in Uejv York city, upon the amount of its bonds deposited with the comptroller, &c., and that such bonds were included under the term “ personal estate,” as used in the statute, &c.
(See the report of this case in 2,8' How. Pr., 41.)
2Cited by6 opinions
- City of Dubuque v. Illinois Central RailroadSupreme Court of Iowa · 1874
- Van Dyke v. Tax CommissionWisconsin Supreme Court · 1935
- Peo. Ex Rel. B'k of Mont. v. . Comrs., Etc.New York Court of Appeals · 1874
- In re Appeal of Union Tank Line Co.Illinois Supreme Court · 1903
- Austen v. BrighamNew York Supreme Court · 1897
1 more not listed; retrieve them via the Exa API.