Stephenson v. Colonial Life Insurance Co. of America

Citations

• 67 Pa. Super. 512
• 1917 Pa. Super. LEXIS 444

Syllabus

<p>Insurance — Life insurance — Fraud by manager — Payment of death benefits — Tivo innocent persons.</p> <p>Where a life insurance company sends its local manager a check to the order of the widow of an insured, in payment of a death benefit and the manager by misrepresentations retains control over the money so as to make the widow receipt for more than the amount which she actually received from him, and to sign a paper which the manager told her usually accompanied a settlement the company must stand the loss, because of its liability for a fraud made possible by the system adopted by it to safeguard itself in the payment of money.</p>