Legal Opinion
United States Fidelity and Guaranty Co. v. Reagan
Supreme Court of North Carolina
Decided December 13, 1961No. 666PublishedCited by 12 opinions
1Opinion of the CourtParker, J.
It is a fixed rule of insurance law that an insurable interest on the part of the person taking out the policy is essential to the validity and enforceability of the insurance contract, whatever the subject matter of the policy, and that if no insurable interest exists, the contract is void. Trinity College v. Ins. Co., 113 N.C. 244, 18 S.E. 175; Wharton v. Ins. Co., 206 N.C. 254; 173 S.E. 338; 29 Am. Jur., Insurance, § 433, where cases are cited to this effect from many jurisdictions. 44 C.J.S., Insurance, § 175.
The fact that another person who has an insurable interest lends his consent to…
2Cases cited28 opinions
- Warnock v. DavisSupreme Court of the United States · 1882
- Bridges v. GrahamSupreme Court of North Carolina · 1957
- Hessen v. Iowa Automobile Mutual InsuranceSupreme Court of Iowa · 1922
- Couper v. Metropolitan Life InsuranceMichigan Supreme Court · 1930
- Riegel v. American Life Ins.Supreme Court of Pennsylvania · 1893
23 more not listed; retrieve them via the Exa API.
3Cited by12 opinions
- Beacon Homes, Inc. v. HoltSupreme Court of North Carolina · 1966
- Primerica Life Insurance v. James Massengill & Sons Construction Co.Court of Appeals of North Carolina · 2011
- First National City Bank v. McManusCourt of Appeals of North Carolina · 1976
- Moore v. Beacon InsuranceCourt of Appeals of North Carolina · 1981
- North Carolina Farm Bureau Mutual Insurance v. WinglerCourt of Appeals of North Carolina · 1993
7 more not listed; retrieve them via the Exa API.