Questions And Answers On Insurance
Questions And Answers On Insurance
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Under such provision, is the policy abso- lutely void ?
It is held to be merely voidable at the option of the insurer.
147. What is the scope of a provision requiring the insured to give notice of any other insurance effected ? • It includes both prior and subsequent insurance.
148. Under such restrictive provisions, what is the effect of other insurance procured by a third party ?
If procured by a stranger without the knowledge or consent of the insured, his rights are not affected, but otherw...ise if he subsequently ratifies the act, or accepts the benefits thereunder.
149. What is the purpose of introducing in such restrictive provisions the temi 'Valid or invalid," as referring to the other insurance provided against?
To avoid controversy as to the effect of a subse- quent policy containing like provision against prior insurance, as otherwise it might be a question whether such subsequent insurance, in view of its own restrictive provision, is any insurance in fact within the meaning of the restrictive clause of the prior policy.
What to read after Questions And Answers On Insurance?
You can find similar books in the "Read Also" column, or choose other free books by Shipp, Eli Richard, 1864- [from Old Catalog] to read onlineMoreLess
To quickly assess the difficulty of the text, read a short excerpt:
Under such provision, is the policy abso- lutely void ?
It is held to be merely voidable at the option of the insurer.
147. What is the scope of a provision requiring the insured to give notice of any other insurance effected ? • It includes both prior and subsequent insurance.
148. Under such restrictive provisions, what is the effect of other insurance procured by a third party ?
If procured by a stranger without the knowledge or consent of the insured, his rights are not affected, but otherw...ise if he subsequently ratifies the act, or accepts the benefits thereunder.
149. What is the purpose of introducing in such restrictive provisions the temi 'Valid or invalid," as referring to the other insurance provided against?
To avoid controversy as to the effect of a subse- quent policy containing like provision against prior insurance, as otherwise it might be a question whether such subsequent insurance, in view of its own restrictive provision, is any insurance in fact within the meaning of the restrictive clause of the prior policy.
What to read after Questions And Answers On Insurance?
You can find similar books in the "Read Also" column, or choose other free books by Shipp, Eli Richard, 1864- [from Old Catalog] to read onlineMoreLess
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