Alliance Cooperative Insurance v. Corbett

The opinion of the court was delivered by

Burch, J. :

The defendant is a corporation organized on the mutual plan for the purpose of insuring ■its members against loss of property by fire. Its bylaws provide for the appointment of agents, but state that no agent shall take any risk until he has given a bond and such bond has been approved. The bylaws further provide that an agent shall act as surveyor of the company, and shall be authorized to receive money and notes as premiums and to receipt therefor, but that if applications be rejected at the office of the company he shall refund any…