New Orleans Insurance v. Gordon

Citations

• 68 Tex. 144
• 3 S.W. 718
• 1887 Tex. LEXIS 655

Syllabus

<p>1. Insurance.—A policy of insurance which, by its terms, is to become void if the property insured shall be sold or transferred, or if the interest of the assured he any other than the entire, unconditional and sole ownership of the property for the use and benefit of the assured, is not avoided by a deed subsequently made by the assured to another for the sole purpose of enabling the owner, through him, to negotiate a loan which was never effected, and which was not intended by either party to convey title.</p> <p>2. Same.—The language of a policy of insurance, being the language of the insurers, is to be construed most strongly against them.</p> <p>3. Same.—A policy, with conditions such as are stated above, is not vitiated by a deed to another by a transfer of the property as collateral security for a debt due, and an action. on the poliey may be maintained by the assured for the use of his creditor, the assured being the real party plaintiff:</p>