American National Insurance v. Brantley

Jenkins, R. J.

1. An assured may direct that the money be paid to his assignee, and ■where such direction is assented to by the insurer, no other person can defeat it. Civil Code (1910), § 2498. “At common law [the assignee] could not sue at law, but under modern statutes he ■ may, and in most States must sue. In any event it is clear that an assignment of a policy of insurance, consented to by the insurer, effectuates a new contract with the assignee, on which the assignee may sue in his own name. . . The fact that the assignee may not be entitled as against third persons to retain the whole…