Hubbard v. State Life Insurance
Supreme Court of Iowa
Appeal from Buchanan District Court.— Hon. Franklin C. Platt, Judge. Action to recover damages for the conversion by defendant of a premium note given for life insurance. Judgment on directed verdict for plaintiff. Defendant appeals.
1Opinion of the CourtMcClain, J.
As the result of negotiations for a $20,-000 endowment policy in the defendant company, under a *14special arrangement by which he was to have a commutation of seven years’ premiums, plaintiff executed to one Crane, the agent of defendant, his promissory note for $956.20 for the first annual premium payment, accompanying an application for such a policy, which was to be issued by the company on the passing of a satisfactory medical examination, with the stipulation that, in the event the policy should not be issued, the amount of the premium was to be returned to fbe plaintiff. There was an…
2Cited by9 opinions
- F.S. Credit Corp. v. Shear Elevator, Inc.Supreme Court of Iowa · 1985
- Office of the Comptroller General v. International Promotions & Ventures, Ltd.District Court, S.D. New York · 1985
- Peninsular Bank v. Citizens National BankSupreme Court of Iowa · 1919
- Leonard v. SehmanSupreme Court of Iowa · 1928
- Brenton National Bank of Des Moines v. RossCourt of Appeals of Iowa · 1992
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