Bankers Fire & Marine Insurance v. Hopkins

1. Where an insurance company places limitations upon the authority of its agents to enter into contracts of insurance and such limitations are contained only in the policy itself, such limitations are to be deemed as referring to matters occurring subsequently to the issuance of the policy, and do not apply to facts or conditions which were existing at the inception of the contract. “In such a case the knowledge of the agent is the knowledge of the insurer, and if a policy is issued with knowledge by the agent of a fact or condition which by the terms of the contract would render it void,…