Moulton v. Masonic Mutual Benefit Society

Citations

• 64 Kan. 56
• 67 P. 533
• 1902 Kan. LEXIS 161

Syllabus

<p>SYLLABUS BY THE COURT.</p> <p>•Dire Insurance — Company Estopped to Deny Secretary's Authority. A mutual life-insurance company whose by-laws reserve to its board of directors the power to accept the applications for insurance, but authorize its secretary to receive the applications and the advance premium thereon, and conduct all correspondence with applicants in the making of insurance contracts, will be bound by the written, though erroneous statement of that officer to an applicant that his application had been accepted and that a policy would be issued, if, before making it, the secretary had received and was retaining the advance premium, and if the applicant died before either he or his beneficiary became aware of the real facts.</p>