The Law of Insurance; a Treatise On the Law of Insurance, Including Fire, Life, Accident, Casualty, Title, Credit And Guaranty Insurance in Every Form
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449, 48 N. B. 265 (1897), Ben. L. Ass'n v. Robinson, 104 Ga. citing other cases.
§ 70 SUBJECT-MATTEE AND INSUKABLE INTEEEST. 70 is a question of law dependent upon the facts, and if the pleading states the facts from which the conclusion of an insurable interest may be drawn, it is sufiBcient.^"* § 70. Description of interest. — If the subject in which the interest exists is correctly described, it is not necessary that the particular interest of the insured be stated in the policy unless it is... called for by the company. Thus, an applicant for insurance is not required to show the exact condition of his title unless requested so to do.^°^ This is the general rule, but where the interest is of such a nature as to affect the character of the risk it should be fully disclosed. Thus, profits should be insured as such.^°* Where the question was whether the applicant had correctly described his title. Chief Justice Marshall said:^"' "The description was insufficient, as a precarious title de- pending for its continuance on events which might or might not hap- pen is not such a title as is generally described in the offer for insur- ance construing the words of the offer as they are fairly to be under- stood." ""Prudential Ins.
What to read after The Law of Insurance; a Treatise On the Law of Insurance, Including Fire, Life, Accident, Casualty, Title, Credit And Guaranty Insurance in Every Form?
You can find similar books in the "Read Also" column, or choose other free books by Elliott, Charles B. (Charles Burke), 1861-1935 to read onlineMoreLess
To quickly assess the difficulty of the text, read a short excerpt:
449, 48 N. B. 265 (1897), Ben. L. Ass'n v. Robinson, 104 Ga. citing other cases.
§ 70 SUBJECT-MATTEE AND INSUKABLE INTEEEST. 70 is a question of law dependent upon the facts, and if the pleading states the facts from which the conclusion of an insurable interest may be drawn, it is sufiBcient.^"* § 70. Description of interest. — If the subject in which the interest exists is correctly described, it is not necessary that the particular interest of the insured be stated in the policy unless it is... called for by the company. Thus, an applicant for insurance is not required to show the exact condition of his title unless requested so to do.^°^ This is the general rule, but where the interest is of such a nature as to affect the character of the risk it should be fully disclosed. Thus, profits should be insured as such.^°* Where the question was whether the applicant had correctly described his title. Chief Justice Marshall said:^"' "The description was insufficient, as a precarious title de- pending for its continuance on events which might or might not hap- pen is not such a title as is generally described in the offer for insur- ance construing the words of the offer as they are fairly to be under- stood." ""Prudential Ins.
What to read after The Law of Insurance; a Treatise On the Law of Insurance, Including Fire, Life, Accident, Casualty, Title, Credit And Guaranty Insurance in Every Form?
You can find similar books in the "Read Also" column, or choose other free books by Elliott, Charles B. (Charles Burke), 1861-1935 to read onlineMoreLess
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