Grace v. Agricultural Insurance

The summons in each of the above-entitled actions was served upon Kenneth C. Estabrook of Binghamton, a local agent for each of the defendants. As such he has the general power to solicit fire insurance, countersign, issue and deliver policies and collect premiums in accordance with the rules and regulations of the respective companies and such instructions as may be given him by their respective officers and general or special agents. The policy is binding when issued but he makes daily reports to the company which may accept or cancel it. The company is bound by his acts unless and until it…