James N. Tardy Co. v. Board of Insurance Commissioners

Mr. Commissioner LEDDY

delivered the opinion of the court.

If a corporation, with a sufficiently comprehensive purpose clause, is ■entitled, under the laws of this state, ■ to be licensed as an agent for an insurance company, writing fire, marine and casualty insurance, the writ of mandamus prayed for must be awarded, otherwise it .should be denied.

Relators insist that in the absence of a statute specifically prohibiting a corporation from being licensed to act as an agent for a fire, marine, or -casualty insurance company the board of insurance commissioners was ¡not justified in arbitrarily…