Osborne v. Massachusetts Bonding and Insurance Company

KILKENNY, District Judge.

Plaintiffs’ challenge to the right of Massachusetts Bonding to maintain an action on the indemnity agreements between the parties is premised on the failure of Massachusetts to- obtain a license from the Corporation Commission under Article XIV, § 17 1 of the Constitution of that State, A.R.S. Historically, the regulation of insurance corporations in the State of Arizona has been controlled by the Corporation Commission mentioned in Article XV, § 5 2 and in said Article XIV, § 17.

Arizona R.S.1913, 3 § 3377, provided among other things, that the Corporation Commission…