Appellant shall recover of respondents $60 costs and disbursements of this appeal. The board's refusal to grant licenses to insurance companies and wholly-owned subsidiaries of insurance companies licensed to write both public liability and workmen's compensation policies was predicated on the provisions of subdivision 3-b of section 50 of the Workmen's Compensation Law and the regulations promulgated to implement said statute (12 NYCRR 302-1.1 et seq.). Insofar as...
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