Briefs On the Law of Insurance
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[C. C] 34 Fed. 291). So the mere fact that an agent has been derelict in sending his monthly report of collections does not show him to have been in arrears or default (^tna Life Ins. Co. v. American Surety Co. [C. C] 34 Fed. 291). Even a neglect to remit prompt- ly does not necessarily indicate that the agent is in arrears, with- in the meaning of the phrase as used in the application (Pacific Fire Ins. Co. v. Pacific Surety Co., 93 Cal. 7, 28 Pac. 842). Where a statement that the secretary of... a building and loan association was not in arrears was made on knowledge and belief, it was held, in American Bonding Co. v. Spokane Bldg. & Loan Soc, 130 Fed.
737, 65 C. C. A. 121, that knowledge on the part of a single officer or trustee could not be imputed to the association, in view of the Washington statute ^ declaring that all corporate management shall be vested in a board of trustees.
(f) Credit insurance.
The statements made in an application for credit insurance will be determined to be warranties or representations according to the rules applied in the case of other kinds of insurance.
What to read after Briefs On the Law of Insurance?
You can find similar books in the "Read Also" column, or choose other free books by Cooley, Roger William, 1859-1931 to read onlineMoreLess
To quickly assess the difficulty of the text, read a short excerpt:
[C. C] 34 Fed. 291). So the mere fact that an agent has been derelict in sending his monthly report of collections does not show him to have been in arrears or default (^tna Life Ins. Co. v. American Surety Co. [C. C] 34 Fed. 291). Even a neglect to remit prompt- ly does not necessarily indicate that the agent is in arrears, with- in the meaning of the phrase as used in the application (Pacific Fire Ins. Co. v. Pacific Surety Co., 93 Cal. 7, 28 Pac. 842). Where a statement that the secretary of... a building and loan association was not in arrears was made on knowledge and belief, it was held, in American Bonding Co. v. Spokane Bldg. & Loan Soc, 130 Fed.
737, 65 C. C. A. 121, that knowledge on the part of a single officer or trustee could not be imputed to the association, in view of the Washington statute ^ declaring that all corporate management shall be vested in a board of trustees.
(f) Credit insurance.
The statements made in an application for credit insurance will be determined to be warranties or representations according to the rules applied in the case of other kinds of insurance.
What to read after Briefs On the Law of Insurance?
You can find similar books in the "Read Also" column, or choose other free books by Cooley, Roger William, 1859-1931 to read onlineMoreLess
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