Sneed v. British America Assurance Co.

Citations

• 72 Miss. 51

Syllabus

<p>Pbivilege Tax. Insurance. Validity. Code 1892, ?¿?¿ 3390, 3401.</p> <p>Whether a policy of insurance on a store is void for insufficiency of the privilege tax paid thereon, is determinable with reference to the stock on hand when the policy is written, not when the loss occurs. If valid when issued, it is immaterial that, the stock having been increased, the privilege tax had become insufficient at the time of the loss.</p>