State v. Aetna Insurance

This action was brought to recover on a policy of fire insurance. The insured property was on a farm in Butte county. Some time prior to the issuance of the policy involved the rural credits board and the land settlement board had each made a loan on the said farm, and each of said boards had taken a mortgage on the said premises. It is not clear from the record, nor is it material, whether the policy contained a mortgage clause for the benefit of the state, but after the fire that destroyed the insured building and after defendant had refused to> pay the loss, the owner of the insured…