Hanford v. Toledo Fire & Marine Insurance

Citations

• 71 Wash. 240
• 128 P. 235
• 1912 Wash. LEXIS 729

Syllabus

<p>Insurance — Cancellation of Policy — Return of Premiums— Agents’ Authority — Ratification — Presumption as to Policy. Where insurance agents cancelled all outstanding policies and sent each policy holder, as return premium, a pro rata amount figured on the policy and premium if it had run the full term, at the same time notifying the company, which ratified the cancellation and return of premiums to the extent of the short rate, the acts of the agent are ratified and the company cannot insist on a settlement with the agents based on a short rate basis; it being presumed, in the absence of anything to the contrary, that the policy could not he can-celled by the company without returning a pro rata of the unearned premiums. I</p>