Ætna Life Ins. v. Clark

Citations

• 62 Pa. Super. 528
• 1916 Pa. Super. LEXIS 465

Syllabus

<p>Insurance — Premiums—Payment by note to agent — Illegal rebate ■ — -Act of March 81, 1911, P. L. 89.</p> <p>In an action by a life insurance company to recover the whole of the first premium on policies of insurance, where it appears that the agent of the company with full authority from the company to deliver the policy and receive payment of the premium, accepts a note for part of the premium, and for the balance allows a rebate illegal under the Act of March 31, 1911, P. L. 39, and when the note is paid, embezzles the proceeds, recovery will be allowed only for the amount of the illegal rebate.</p>