Farmers' Mutual Fire & L. Ins. v. Crow

Citations

• 35 Ohio C.C. Dec. 161

Syllabus

<p>INSURANCE</p> <p>Assessments to Reimburse Officers of Mutual Insurance Associations for Losses Advanced Held not Illegal.</p> <p>Where the by-laws of a mutual fire insurance association organized under Secs. 3686-3690 R. S. (Secs. 4680 G. C. et seq., provide that an assessment shall be levied at a certain date each year to pay the losses incurred and incidental expenses, the inclusion in the amount for which assessments are levied of an amount sufficient to reimburse officers of the company for money which they had advanced to pay losses as they occurred, does not make the assessments illegal.</p>