Borgards v. Farmers' Mutual Insurance

The defendant was organized under an act to provide for the incorporation of mutual fire insurance companies, approved April 15, 1873.

On March 25, 1881, it issued to plaintiff a policy of *441insurance covering buildings and personal property, the insurance to continue for the term during which the plaintiff should remain and be a member of said corporation. Membership was maintained by the payment of certain fees and 1 mill per cent, on the amount insured at the time of issuing the policy, and the assessments made thereafter. The policy was in full force and effect August 1, 1887, when…