Foscue v. Greensboro Mutual Life Insurance Co.

BROGDEN; J.

The question is this: Has a soliciting or collecting agent of an insurance company the authority to waive the payment of premiums provided in a policy of insurance or extend the time of payment thereof ?

The trial'judge charged the jury:, “Now, I charge you as a matter of law, and I quote to you from an opinion of the Supreme Court, where it says in the case, of Moore v. Accident Insurance Corp., reported in 173 N. C., 532: ‘It is abundantly settled that an insurance company will be estopped to insist upon a forfeiture .if by any agreement, either express or implied, by the¡course…