The opinion of the court was delivered by JAYNE, J.A.D.
The Preferred Accident Insurance Company of New York was organized and empowered to issue policies of casualty insurance under the Insurance Law of the State of New York. The company acquired a license to pursue its business in this State, and in furtherance of that undertaking it entered into an "Agency Agreement" on July 1, 1949 by the terms of which the defendant was authorized to receive and accept proposals...
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