Tolford v. Church

The insurance company in this case was organized and commenced doing business in 1880, under Act 82 of the Session Laws of 1873 (How. Stat. o. 132), and amendments thereto.

On the fifth day of January, 1884, the company, by its officers, made an assessment against the policy-holders to meet its liabilities, then amounting to $18,024.87. The defendant’s assessment was $10. This he paid March 14, 1884, to-an agent of the company haying authority to collect assessments, and to whom he surrendered his policy, and which was subsequently marked “Canceled March 19, 1884,” by the company’s secretary.…