National Hotel Co. v. Merchants' Fire Assurance Corp. of New York

Under date of May 10, 1911, the Merchants’ Fire Assurance Corporation of New York issued a policy to the National Hotel Company, insuring the National Hotel against fire for three years in the sum of $2,500, and sent said policy to insurance brokers in Peoria, who are variously named in the correspondence herein but will here be called the agents. The agents delivered the policy to the insured a day or two later, and on May 22, 1911, the insured paid the premium, $85, to the agents. Thereafter a controversy arose between the agents and the insurance company as to the amount of the agents ’…