Minneapolis Fire & Marine Mutual Insurance v. Norman
Supreme Court of Arkansas
Appeal from Ashley Circuit Court. STATEMENT BY TILE COURT. The appellant makes this statement of the issues presented: “The record shows that plaintiff had a policy of fire insurance in the Minneapolis Fire & Marine Mutual Insurance Company on property in Parkdale, Ark.; that he paid the premium for the policy, and that while the policy was in force the property was damaged by fire; that his loss was adjusted by an adjuster for the Minneapolis Fire & Marine.
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Appeal from Ashley Circuit Court. STATEMENT BY TILE COURT. The appellant makes this statement of the issues presented: “The record shows that plaintiff had a policy of fire insurance in the Minneapolis Fire & Marine Mutual Insurance Company on property in Parkdale, Ark.; that he paid the premium for the policy, and that while the policy was in force the property was damaged by fire; that his loss was adjusted by an adjuster for the Minneapolis Fire & Marine. Mutual Insurance Company. These defendants were sureties on the bond given by the Minneapolis Fire & Marine Mutual Insurance Company to…
1Opinion of the Court
Hill, C. J.,
(after stating the facts.) A mutual insurance company, authorized to insure property upon the assessment or mutual plan, enters the State, gives the bond required of stock companies issuing standard policies, and proceeds to do an insurance business on the standard insurance lines, instead of the mutual or assessment lines. Its charter is filed with the Auditor when it qualifies to do business in the State. Is such company and the sureties on its bond liable for loss under a standard policy ?
The appellant contends that the contract of insurance was ultra vires, and not binding on…
2Cases cited7 opinions
- Bloomington Mutual Benefit Ass'n v. BlueIllinois Supreme Court · 1887
- Kadish v. Garden City Equitable Loan & Building Ass'nIllinois Supreme Court · 1894
- Lewis v. American Savings & Loan Ass'nWisconsin Supreme Court · 1898
- Matt v. Roman Catholic Mutual Protective SocietySupreme Court of Iowa · 1886
- Remsen v. . GravesNew York Court of Appeals · 1869
2 more not listed; retrieve them via the Exa API.
3Cited by19 opinions
- Bloom v. Home Insurance AgencySupreme Court of Arkansas · 1909
- Arkansas & Louisiana Railway Co. v. StroudeSupreme Court of Arkansas · 1905
- Federal Union Surety Co. v. FlemisterSupreme Court of Arkansas · 1910
- Richeson v. National BankSupreme Court of Arkansas · 1910
- Gray v. StoneSupreme Court of Arkansas · 1912
14 more not listed; retrieve them via the Exa API.