Koehler v. Beeber

Citations

• 122 Pa. 291
• 16 A. 354
• 1889 Pa. LEXIS 630

Syllabus

<p>1. If the directors of a mutual insurance company are extravagant, incompetent, or careless of their trust, they are, nevertheless, the representatives of the policy holder and member, and their acts done within the scope of their authority are binding upon him.</p> <p>2. Yet, one who has become a member and given his premium note is entitled to insist that this liability thereon shall not extend beyond his. proportionate share of the expenses incurred or losses happening in the-period of his membership.</p> <p>3. A statement filed by the Lycoming Fire Ins. Co., under the third proviso of § 11, act of July 26, 1842, P. L. 426, which does not separate* the amount received from premiums while the policy was in force from that derived from other sources, and show that the expenditures embraced were properly upon claims to which the member was liable to contrib- . ute, is insufficient to entitle the company to execution upon a lien entered under said section.</p>