New York Life Insurance v. State

The following opinion was filed December 7, 1926:

Stevens, J.

It is elementary that Wisconsin has the right to determine the conditions under which it will permit foreign ■ insurance companies to do • business in this state. The state may refuse to permit them to transact business within its boundaries or it may impose such restrictions or conditions as it sees fit as a prerequisite to permitting them *408to do business in this state. 'Among the conditions that may be required is the payment of a license fee. Such license fee may be a fixed and determined amount or it may be based upon a percentage…