Gosch v. Firemen's Insurance

Citations

• 33 Pa. Super. 496
• 1907 Pa. Super. LEXIS 325

Syllabus

<p>Insurance — Fire insurance — Payment of premiums — Broker—Cancellation of policy.</p> <p>Where an ordinary insurance broker places insurance for his client, and the company insuring delivers the policy to the broker, and the broker delivers it to his client, who pays to him the premium, the payment to the broker is payment to the company; and the company, after the receipt of the premium, cannot cancel the policy merely by giving five days’ notice of its intention so to do. To avail itself of the right to cancel, reserved in the policy, it must not only give the required notice but must actually repay or tender payment of the unearned portion of the premium.</p>