Greenwood Ice & Coal Co. v. Georgia Home Insurance

Citations

• 72 Miss. 46

Syllabus

<p>1. Fere Insubance. Agent. Antagonistic relations.</p> <p>Without ratification, an insurance company is not bound by a policy issued by its local agent to insure the property of a corporation in which he is a stockholder, director, and vice president. Insurance Co. v. Myers, 55 Miss., 479.</p> <p>2. Same. Ratification. Investigating loss.</p> <p>In such case, the insurance company will not be held to have ratified the issuance of the policy merely because its adjuster, in ig-norance of the facts, investigated the loss, and agreed in writing- to^ have the amount thereof determined by appraisement, he, on learning the facts, having promptly withdrawn from the ag-reement.</p> <p>3. Same. Agreement to appraise. Waiver.</p> <p>Such an ag-reement for appraisement will not estop the insurance company to deny all liability for the loss, where the agreement itself provides that the appraisement shall be only for the purpose of fixing the amount, and shall not waive any other rig-lit of either party.</p>