Wisconsin Reports; Cases Determined in the Supreme Court of Wisconsin Volume 124 (Paperback)

This historic book may have numerous typos and missing text. Purchasers can usually download a free scanned copy of the original book (without typos) from the publisher. Not indexed. Not illustrated. 1906 edition. Excerpt: ... Equitable Life Ass. Society v. Host, 124 Wis. 657 a statement in writing that it would comply with sec. 1952 as construed by this defendant; and that this defendant intends, unless restrained by the order of this court, to revoke the license of the plaintiff to transact business in "Wisconsin, unless plaintiff complies with the provisions of sec. 1952, and distributes among its policy-holders at least once in five year the surplus earnings which have been shown to be in the plaintiff's possession; that the plaintiff has many thousand of policy-holders within the state of Wisconsin;" that March 1, 1903, the defendant issupd to the plaintiff a license to do business in Wisconsin for the ensuing year because the plaintiff had otherwise complied with the requirements of the laws of this state, and this defendant was under restraint, as mentioned; that the insurance contracts of the plaintiff issued to Wisconsin citizens now in force on December 31, 1902, amounted to $14,014,692, the annual premiums being paid thereon amounting to $428,100; that more than eighty-four per cent, of the insurance contracts and policies aforesaid now in force issued to and held by Wisconsin citizens and policy-holders are upon what is known as the ten, fifteen, and twenty year deferred-dividend plan, by which no dividends are to be paid or apportioned to, nor is any surplus divided between or among, such policies and insurance contracts until the end of the deferred-dividend period, and not then if a forfeiture is imposed upon death or the failure to pay premiums. The issues thus joined were tried by the court, and at the close of the trial the court made findings of fact and conclusions of law, and, among other things, found, in effect: (4) That the defendant, ...