Home Insurance Co. of New York v. Savage

The Home Insurance Company of New York, a corporation, was plaintiff below and sued Henry P. Savage, as principal, and Chas. L. Muinch and J.E. Wood, defendants, as sureties, on a bond. The parties will be referred to in this court as plaintiff and defendants.

Defendant Savage was appointed as subagent of plaintiff with authority to write insurance policies, and collect premiums, and gave a surety bond in the sum of $500, conditioned upon his accounting for all funds coming into his hands and belonging to plaintiff, and reimbursing plaintiff for any expense in collecting thereon. Defendants…