Insurance Law Relating to All Risks Other Than Marine : And Including Life, Fire, Accident, Guarantee, Burglary, Third Party Risks, And Employers' Liability

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& Sm. 444 ; Humphry v. Arabin (1836), Ll. & G. (Plunket) 318 ; Bell v.
Ahearne (1849), 12 Ir. Eq. B. 576 ; Law V. Warren (1843), Drury, 31 ; Millihen v. Kidd (1843), 4 Drury, and Warren, 274.
(h) (1807), 9 East, 71.
(i) Dalby v. India and London Life (1854), 15 C. B. 365.
(k) Henson v. Blackwell (1845), 4 Hare, 434.
(1) Ex parte Andrews (1816), 2 Rose, 410.
(m) Pennell v. Millar (1857), 23 Beav. 172.
FRIENDLY SOCIETIES 641 account against the debtor (n), but where the debtor in applying to have
... the transaction set aside offered to refund the money and interest and to comply with " any other fair and reasonable demand," the Court set aside the transaction on condition that he paid the premiums in exchange for a transfer of the policy (o).
If the insurance company has paid the policy moneys without Illegality of questioning the validity of the pohcy, the plea that the pohcy ^g'Zm was illegal or void cannot be set up by a creditor as against the payment, debtor or vice versa (p).
A debtor effecting a pohcy on his own life in order to give Debtor security to his creditor is a trustee of the policy to the extent of policy for the debt from the time it is effected (g).


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