Appeal of the Susquehanna Mutual Fire Insurance
Supreme Court of Pennsylvania
Appeal from the Court of Common Pleas of Northampton county: Of January Term, 1884, No. 370. Appeal of the Susquehanna Mutual Fire Insurance Company, from a.decree of said court distributing a certain fund paid into court by said company. This fund was the amount of a judgment against the company, recovered by one Jqhu.
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Appeal from the Court of Common Pleas of Northampton county: Of January Term, 1884, No. 370. Appeal of the Susquehanna Mutual Fire Insurance Company, from a.decree of said court distributing a certain fund paid into court by said company. This fund was the amount of a judgment against the company, recovered by one Jqhu. H. Slaats on a policy of insurance held by him; out of which, however, the company claimed to retain a certain sum, as due them for assessments on Staats’ premium note, given to provide for his proportional share of the losses which might occur during the term of his policy.…
1Opinion of the CourtJustice Green
The 34th section of the by-laws of the Insurance Company, áppellant, is in the following words:
“In case any buildings, goods or other property insured shall be burned or damaged by fire, the directors shall retain in the treasurer’s hands, the premium note given for the insurance of said .property, and also such amount remaining unpaid upon said note as the board of directors may deem a sufficient security for the payment of assessments .of the assured until *623the expiration of the policy; and upon such expiration the balance (if any) in the treasurer’s hands, shall be paid to the assured.”
Altho…
2Cited by3 opinions
- Farley v. Frost-Johnson Lumber Co.Supreme Court of Louisiana · 1913
- Susquehanna M. F. Ins. v. Leavy, Pennsylvania Court of Common Pleas, Clearfield County1890
- Thropp v. Susq. Mut. F. Ins.Supreme Court of Pennsylvania · 1889