Commonwealth v. Guardian Fire Insurance

Citations

• 65 Pa. Super. 208
• 1916 Pa. Super. LEXIS 45

Syllabus

<p>Principal and agent — Insurance companies — Local agent — Gom pensation — Set-off.</p> <p>Where local agents of an insurance company have in their hands sums of money due to the company by reason of premiums paid to them which had not been turned over to the company in their monthly reports, prior to the time the company was placed in the hands of a receiver, they cannot set off as against the claim of the receiver for such moneys, a dividend on claims which they had taken by assignment from policyholders for return premiums due to policyholders.</p>