World Fire & Marine Ins. v. King

On the 7th day of January, 1938, the Camden Fire Insurance Company of Camden, New Jersey, issued a policy of $1,500 on store furniture and fixtures, including iron safes and cash registers, only while contained in the building which is described in the policy. The policy contained what is known as the “loss payable clause,” and in this clause the name of the Smith County Bank of Taylorsville, Mississippi, was inserted, loss payable to be to it as its “interest may appear.” The policy also contained this clause: “The entire policy shall be void if the insured has concealed or misrepresented,…