The Law of Insurance a Treatise On the Law of Insurance Including Fire Life
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The policy in such case is Schonfield v. Turner, 75 Tex. 324, 7 for the benefit of the original bene- L. R. A. 189 (1889).
flciary. 41 Cheeves v. Anders, 87 Tex. 287, "Clement v. New York L. Ins. 47 Am. St. 107 (1894).
63 SUBJECT-MATTER AND INSURABLE INTEREST.
60 that a policy supported by an interest at its inception is a mere chose in action, which may be assigned to a person who has no insurable interest in the life. 42 Such an assignment does not create a new contract, but merely continues ...the old contract in force. A person may thus insure his own life and either name or assign the policy to whomsoever he chooses without reference to the interest of such beneficiary in his life. The rule that the assignee of a valid policy need not have an insurable interest in the life prevails in California, 43 Colorado, 44 Georgia, 45 Illinois, 46 Indiana, 47 Maryland, 48 Massachu- setts/ 9 Mississippi, 50 New York, 51 Ohio, 52 Ehode Island, 53 Ver- 42 See notes to 26 Am. St. 23; also, Hogue v.
What to read after The Law of Insurance a Treatise On the Law of Insurance Including Fire Life?
You can find similar books in the "Read Also" column, or choose other free books by Elliott, Charles B. (Charles Burke), 1861-1935 to read onlineMoreLess
To quickly assess the difficulty of the text, read a short excerpt:
The policy in such case is Schonfield v. Turner, 75 Tex. 324, 7 for the benefit of the original bene- L. R. A. 189 (1889).
flciary. 41 Cheeves v. Anders, 87 Tex. 287, "Clement v. New York L. Ins. 47 Am. St. 107 (1894).
63 SUBJECT-MATTER AND INSURABLE INTEREST.
60 that a policy supported by an interest at its inception is a mere chose in action, which may be assigned to a person who has no insurable interest in the life. 42 Such an assignment does not create a new contract, but merely continues ...the old contract in force. A person may thus insure his own life and either name or assign the policy to whomsoever he chooses without reference to the interest of such beneficiary in his life. The rule that the assignee of a valid policy need not have an insurable interest in the life prevails in California, 43 Colorado, 44 Georgia, 45 Illinois, 46 Indiana, 47 Maryland, 48 Massachu- setts/ 9 Mississippi, 50 New York, 51 Ohio, 52 Ehode Island, 53 Ver- 42 See notes to 26 Am. St. 23; also, Hogue v.
What to read after The Law of Insurance a Treatise On the Law of Insurance Including Fire Life?
You can find similar books in the "Read Also" column, or choose other free books by Elliott, Charles B. (Charles Burke), 1861-1935 to read onlineMoreLess
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