Federal Land Bank v. Farmers Mutual Insurance

There is but a single question involved in this litigation. It has to do with whether a policy of fire insurance was canceled or suspended at the time a fire destroyed the building covered by the policy.

On July 21, 1931, the defendant-appellant, the Farmers Mutual Insurance Association of Adams and Adjoining Counties, a corporation, executed to the plaintiff-appellee H. R. Davis a fire insurance policy for $3,200, covering a house on land owned by Davis in- Adams county, Iowa. While, or perhaps before, the appellee H. R. Davis thus held the fire insurance policy, he mortgaged to the…