State ex rel. Hoadley v. Board of Insurance Commissioners

Citations

• 37 Fla. 564

Syllabus

<p>1. Section 2, Article IV, of the Constitution of the United States places citizens of each State upon the same footing with citizens of other States so far as the advantages resulting from citizenship in those States are concerned, and inhibits discriminating legislation against them by other States. It insures to-citizens of one St^te the same freedom possessed by citizens in. other States in the acquisition and enjoyment of property and-pursuit of happiness, and guarantees to them in other States; the equal protection of their laws. The privileges and immunities thus secured to citizens of each State in the several States are those which are common to the citizens in other States under their constitution and laws by virtue of their status as citizens.</p> <p>2. By the terms and policy of both the revenue act of 1895 and the amendatory acts of that year in reference to insurance companies, found in Chapter 4380, unincorporated associations, or individuals, are authorized to obtain a certificate of authority to engage in the business of insurance in this State upon a compliance with the requirements of said acts.</p> <p>3. Section 3 of Chapter 4380 requires that before any company, association, firm or individual not of this State shall transact any business of insurance in this State, it, or he, shall be possessed of at least $150,000 in value, invested in United States or State bonds, or other bankable interest-bearing stock issued in the United States at their market value, and such requirement is not made as to unincorporated associations, firms or individuals of this State, and to this extent the act is discriminative as to citizens of other States, and of no effect.</p>