Shellnut v. Federal Life Insurance

(After stating the foregoing facts.) In view of the express limitation upon the power of the agent who received the application, the company was not bound by the promise of the agent to call for and collect the premiums. This agreement amounted to an attempt to vary the written terms and conditions of the policy, and in the application itself the insured was given notice that representations and statements by such agent would not be binding upon the company unless contained in the application or the policy. “An insurance company may limit the power of its agent; and when notice that the…