Snyder v. Nederland Life Insurance

Citations

• 202 Pa. 161
• 51 A. 744
• 1902 Pa. LEXIS 485

Syllabus

<p>Insurance — Life insurance — Waiver—Payment of first premium.</p> <p>A life insurance company may waive a stipulation, made solely for its protection, that no liability shall attach until the first premium is actually paid to it, or to its authorized agent, and its general agent may bind it in this regard.</p> <p>Insurance — Life insurance— Condition of delivery of policy — Payment of first premium.</p> <p>The question whether there has been an absolute delivery of a policy of life insurance to take effect at once, or only a conditional delivery with the understanding that the policy which was on the life of an agent was not to go into effect until the premium had been earned, is a question for the jury.</p> <p>Insurance — Life insurance — Payment of first premium — Policy on agent's own life.</p> <p>An action may be maintained and a recovery had on a policy of life insurance on which the first premium had not been paid, where it appears that the insured had been appointed a local agent of the company, and the policy was delivered to him, under the agreement that the commissions which he should earn should be applied by the company to the payment of the premium, notwithstanding the fact that he never earned any commissions.</p> <p>Brady v. Northwestern Masonic Aid Assn., 190 Pa. 595, distinguished.</p>