Petite v. Atlas Insurance
Supreme Court of Iowa
Appeal from Cass District Court. — IIon. A. B. Thornell, Judge. This is an action to recover a deposit made by a policy holder, in pursuance of the provisions of his policy, at the time of its issuance. There was a directed verdict for the plaintiff. Defendant appeals.
1Opinion of the CourtEvans, C. J.
The plaintiff holds his alleged cause of action by written assignment from Shoudy Bros. The controlling facts in the case are undisputed. In 1896 the Atlas Mutual Insurance Company issued its policy of insurance to Shoudy Bros., for $2,500. It was a part of the plan of insurance of such company to require a deposit by its policy holder of a certain amount, which should be carried in its “reserve fund.” At the time of issuing the policy in question it required a deposit of $25, and issued its following certificate therefor: “This is to certify that Shoudy Bros, of Atlantic, Iowa, having become…
2Cases cited1 opinion
- Cameron v. Mutual Life & Trust Co.Supreme Court of Iowa · 1903
3Cited by1 opinion
- Hauge v. Farmers Mutual Hail InsuranceSupreme Court of Iowa · 1927