Richard v. Springfield Fire & Marine Ins.

Citations

• 114 La. 794
• 38 So. 563
• 60 L.R.A. 278
• 1905 La. LEXIS 543

Syllabus

<p>NONRESIDENT INSURANCE COMPANY — GENERAL AGENT — POWERS—WAIVER OP CONDITIONS.</p> <p>1. Where a nonresident fire insurance company appointed a local agent in this state, and supplied him with blank policies signed by the president and secretary of the company, to be filled up, countersigned, and issued as occasion may require, such agent will be considered as having the powers of a general agent as to policies issued by him under such circumstances.</p> <p>2. An agent authorized to issue policies binds the company by all waivers, representations, or other acts within the scope or requirements of his business, unless the insured has notice of the limitation of his power.</p> <p>3. Such an agent has the apparent power to waive, prior to a loss, a breach of the iron-safe clause by him attached to the policy, resulting from the failure of the insured, through illness, to make a complete inventory of stock within 30 days from the date of the issuing of the policy.</p> <p>(Syllabus by the Court.)</p>