Independence Indemnity Co. v. Dreyfus

Prior to the time of appellant’s withdrawal from the Youngstown, Ohio, territory, appellee was its general agent in that locality. Each of the policies issued through appellee contained the usual cancellation clause to the effect that it might be canceled at any time by the company upon refund of the pro rata premium for the unexpired term of such policy. Clause 16 of the general agency contract provided: “The general agent will return to the company the full commission on that part of any premium returned to the insured.” The District Court held that this provision “was apparently intended…