The Insurance Cyclopeadia: Being a Dictionary of the Definitions ..., volume 6

Cover The Insurance Cyclopeadia: Being a Dictionary of the Definitions ..., volume 6
The Insurance Cyclopeadia: Being a Dictionary of the Definitions ..., volume 6
Cornelius Walford
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A note at the foot of the pol. stated that the agents of the Co. were not authorized to make, alter or discharge, contracts, or waive forfeitures.
There was evidence tending to show that the Co.'s instructions to the agent were to deliver pol. on payment of the prem., provided the person whose life was to be insured was in health at the time of delivery. There was no evidence that these instructions were known to the pit.
Held : — i. That if the agent ** had no authority, discretion or duty in
...the premises, save only to deliver the pol. upon payment of the first prem., then we can see no good reason why the transmission of the pol. to him might not be regarded as a signifying by the deft, of its acceptance of pits, proposition, nor any good reason why payment or tender of the first prem. to such agent, even if delivery of the pol. was withheld, would not have been completely effectual to entitle the pit. to the full benefits of the pol., to the same extent as if it had been manually and unconditionally delivered." 2.

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