Aetna Casualty & Surety Co. v. Sullivan

This proceeding is designed to review the action of the insurance commissioner in refusing to renew the licenses of certain foreign insurance companies to do business in this state. The controversy relates to automobile public liability insurance, and the plaintiffs’ conduct in relation thereto.

The statute under which the commissioner acted reads: “If . . . the commissioner is satisfied that the company has the requisite capital and assets and is a safe, reliable company, entitled to confidence, he shall grant a license to it . . . ; and . . . such license may be renewed so long as the…