Provident Life & Trust Co. v. Spring Garden Insurance

Citations

• 53 Pa. Super. 66
• 1913 Pa. Super. LEXIS 133

Syllabus

<p>Principal and agent — Death of principal — Revocation of agency.</p> <p>1. A power not coupled with an interest, is revocable, and the death of the principal strikes down the power of the agent.</p> <p>Principal and agent — Insurance—Cancellation of policy — Power of agent.</p> <p>2. Where an agent is authorized to obtain policies of fire insurance for his principal, and- he has procured the insurance thus authorized, ho has no power, in the absence of further authority, to agree to a cancellation of any of the policies which he had procured.</p> <p>3. Where a person is the agent of two insurance companies, he cannot shift a part of the risk on a building insured by one of the companies, to the other company, without the knowledge and consent of the insured and without the consent of the second company. If the policy issued in the name of the second company reaches the insured after- the property had been destroyed by fire, it is too late for the insured to ratify it, and the second company has a right to repudiate it.</p>