American Insurance Co. v. Bean

Opinion of the Court by

Judge Rees

Reversing.

On June 20, 1923, the appellant, American Insurance Company, and the appellee J. M. Bean, entered into a written contract wherein it was agreed that Bean should become the local agent of tbe company for the purpose of soliciting insurance on farm and city property in Marshall and adjoining counties. At the same time Bean executed and delivered to the company a bond for the faithful performance of his duties under the contract. Bean acted as agent of the company under the contract until late in the year 1926, or early in 1927. The company determined…