Farmers & Breeders Mutual Reserve Fund Live Stock Insurance v. Derr

Citations

• 59 Pa. Super. 600
• 1915 Pa. Super. LEXIS 125

Syllabus

<p>Insurance — Mutual insurance — Illegal rebate — Cancellation of policy —Act of March SI, 1911, P.L. 89.</p> <p>Where a person takes out a policy of insurance in a mutual insurance company and the agent agrees in violation of the Act of March 31,1911, P. L. 39, and without the knowledge of the company that the insured shall not be required to pay the first or initial premium, the insured cannot demand a cancellation of.the policy without payment of the premium, if the policy requires as a prerequisite of the right to cancel, the payment of such premium.</p>