Hite v. Liverpool & London & Globe Insurance

Where a fire-insurance policy appears on its face to be issued to one as trustee, upon property purporting to belong to him but which in fact belongs to those for whom he acts as trustee, and where there is a provision in the policy of insurance avoiding it “if the interest of the insured in the property be not truly stated,” or “if the subject of insurance be personal property and be or become incumbered by a chattel mortgage,” and where the insurer) through its agent who issued the policy, had at that time actual notice from the trustee that the property insured was not his property, but…