SOAP 1.2 WSDL is not recognized by SoapUI
WSDL
<wsdl:definitions xmlns:wsdl="http://schemas.xmlsoap.org/wsdl/" xmlns:xsd="http://www.w3.org/2001/XMLSchema" xmlns:msc="http://schemas.microsoft.com/ws/2005/12/wsdl/contract" xmlns:wsp="http://schemas.xmlsoap.org/ws/2004/09/policy" xmlns:wsu="http://docs.oasis-open.org/wss/2004/01/oasis-200401-wss-wssecurity-utility-1.0.xsd" xmlns:http="http://schemas.microsoft.com/ws/06/2004/policy/http" xmlns:soap="http://schemas.xmlsoap.org/wsdl/soap12/" xmlns:tns="http://schemas.company.com/api/v1.0/" xmlns:wsam="http://www.w3.org/2007/05/addressing/metadata" targetNamespace="http://schemas.company.com/api/v1.0/" name="IService">
No.
The WSDL was incorrectly generated.
Using xmlns:soap12 and the proper binding elements solved the issue and recognized as SOAP 1.2.
xmlns:soap12="http://schemas.xmlsoap.org/wsdl/soap12/"