Beckman v. Edwards

Citations

• 59 Wash. 411
• 110 P. 6
• 1910 Wash. LEXIS 1214

Syllabus

<p>Insurance — Insolvency oe Comrany — Liability oe Agent. An insurance agent is not liable to the insured by reason of placing and carrying insurance in an insolvent company, where the company was authorized to do business in this state and was solvent at the time the policy was issued, and remained so until after the agent no longer represented the company.</p> <p>Insolvency — Evidence — Sufficiency. That an insurance company became insolvent nine months after a policy was issued, and in insurance reports its condition was rated as very weak, does not show that it was insolvent when the policy was issued.</p> <p>Frauds, Statute of — Default of Another. An insurance agent is not hound by oral statements of his employee, made after a policy was issued and not known to him, to the effect that an insurance company was solvent and that they would stand back of the policy if the company was not good.</p>