Akers v. Hite
Supreme Court of Pennsylvania
Error to the Court of Common Pleas of Bedford county: Of May Term 1880, No. 105. These were three actions of debt brought by J. C. Akers, receiver of the Union Plorse Insurance Company, of Blair county, against Albert Hite, Joseph Brunner and John Dicken, for the recovery of two assessments on premium notes, made for the purpose of paying off the indebtedness of the company.
Read the full summary
Error to the Court of Common Pleas of Bedford county: Of May Term 1880, No. 105. These were three actions of debt brought by J. C. Akers, receiver of the Union Plorse Insurance Company, of Blair county, against Albert Hite, Joseph Brunner and John Dicken, for the recovery of two assessments on premium notes, made for the purpose of paying off the indebtedness of the company. One assessment of three per cent, on premium notes in the hands of the company was made by the directors January 1st 1878, and one of fifteen per cent, was made by the receiver of said company March 29th 1878. The company…
1Opinion of the CourtJustice Trunkey
The business of an insurance company, whether conducted on the mutual or stock plan, is managed by its officers and agents, and the corporators are bound by the acts of such agents in all matters properly done within the .scope of the powers committed to them. A policy of insurance and the premium note given therefor, constitute a contract between the company and the insured, and the parties .usually have the same power to rescind it by mutual agree^ ment as they had to make it. Such a power on the part of the company seems essentially necessary to the safe and proper transaction of its…
2Cases cited5 opinions
- Hyde v. . LyndeNew York Court of Appeals · 1850
- Wadsworth v. DavisOhio Supreme Court · 1862
- Sands v. . HillNew York Court of Appeals · 1873
- Boland v. Whitman, Receiver of & Sinnissippi InsuranceIndiana Supreme Court · 1870
- Maine Mutual Marine Insurance v. PickeringSupreme Judicial Court of Maine · 1877
3Cited by7 opinions
- Davis v. Metropolitan InsuranceTennessee Supreme Court · 1930
- Butler v. Eq. Life Ins. SocietyMissouri Court of Appeals · 1936
- Capital City Mutual Fire Insurance ex rel. Kramer v. BoggsSupreme Court of Pennsylvania · 1895
- Stockley v. RiebenackSuperior Court of Pennsylvania · 1899
- Matten v. LichtenwalnerSuperior Court of Pennsylvania · 1898
2 more not listed; retrieve them via the Exa API.