Bannister v. Spring Garden Mutual Fire Insurance

Citations

• 50 Pa. Super. 45
• 1912 Pa. Super. LEXIS 4

Syllabus

<p>Insurance — Fire insurance — Mutual companies — Assessments—Forfeiture.</p> <p>Where an owner of three farms has three separate policies of mutual fire insurance on the buildings on each of the farms, and has ignorantly-paid assessments improperly levied by the company upon two of the policies after the property covered by the policies had been sold, and the company has then in its hands sufficient funds of the insured to-cover a later assessment on the third policy, such funds are applicable to the payment of such assessment, and the company cannot claim after the property covered by the third policy had been destroyed, that such policy had been forfeited for nonpayment of the assessment.</p>