Bank of Ellensburg v. Palatine Insurance

Citations

• 82 Wash. 55
• 143 P. 447
• 1914 Wash. LEXIS 1472

Syllabus

<p>Insurance — Fire Insurance — Policy—Application—False Representations — Effect. A fire insurance policy is void where it was issued to a bank as mortgagee as its interest might appear, upon false representations of the bank’s president and cashier, who were also soliciting agents of the insurance company, to the effect that the moral risk was first class and that the owner had gone out of business because its president was sick, when in fact the owner was insolvent and its business was in the hands of a receiver, and the mortgage had already been foreclosed by the bank and such fact was not disclosed; the policy providing that it will be void if foreclosure proceedings be commenced or any change of title be made, and if the insured concealed or misrepresented any material fact or circumstance concerning the insurance or property.</p>