Lea v. Union Central Life Insurance

HUNTER, Associate Justice.

The appellants (defendants below) pleaded in offset and counter-claim that the appellee (plaintiff below) negligently failed to collect, or allow them to collect, certain premium notes, one-half of which when collected was to belong to them and the other half to the company, for which they were acting as agents in soliciting and procuring persons to purchase life insurance in the plaintiff company.

The contract of agency provided that 50 per cent of the first annual premiums should be paid to the agents as their commissions, when the notes should be collected, and 5…