Fidelity & Casualty Co. v. Riley

On February 6th, 1932, the Fidelity & Casualty Company of New York, appellant, issued to Russell J. Riley, appellee, an accident insurance policy. It was solicited by Edward Adrian Teaf, an employee of Parker & Co. of Philadelphia, agents of the appellant. Riley, who did not pay the premium, $38.35, testified the arrangement with Teaf was, “I agreed to pay him when I got the money; when I could afford to pay it.” He never did pay, and the insurer did not receive it until it was charged by the insurer against the account of Parker & Co. In his application for insurance Riley gave his address…