American Insurance Company v. Austin

This is an action upon a fire insurance policy issued by appellant to appellee, dated the 15th day of February, 1926, insuring appellee’s residence in the sum of $1,500 and his personal property located therein in the sum of $500,. for a period of five years from the 13th day of February, 1926, to the 13th day of February, 1931, for the total premium of $162, payable $32.40 cash with the application, and $3-2.40 payable on the first day of February each and every- year thereafter, for which a note was executed in the total sum of $129.60.

Appellant’s local agent at Prescott, Arkansas, took…