American Nationall Insurance v. Tross

This is a suit on a life insurance policy, and the material question to be determined is whether the agent to whom the annual premium was paid had authority to collect same and thereby bind the company.

The policy was issued by the company in accordance with the application of the insured, with premiums payable quarterly on the 1st day of June, September, December, and March; the anniversary date being June 1st of each year. The policy, together with an official receipt signed by the secretary of the company for the quarterly premium of $7.04, was forwarded to the company’s soliciting agent…