Tarver v. Swann

1. Where, accompanying an application to an insurance company for a policy of fire insurance, the applicant executes a series of notes for the premium, one of which is payable to the soliciting agent of the company who procured the application, and the others of which are-payable to the company, the consideration for all the notes, including the note payable to the agent, is the acceptance of the application and the issuance of the policy. Upon the acceptance of the application by the company and the execution of a valid and binding contract of insurance, the applicant’s obligation upon the…