United Security Life Insurance & Trust Co. v. Perugini Union Mutual Relief Ass'n

Citations

• 273 Pa. 554
• 117 A. 413
• 1922 Pa. LEXIS 615

Syllabus

<p>Insurance — Life insurance — Insurable interest — Beneficial association — Insurable interest in members’ lives — Misrepresentations —Estoppel.</p> <p>1. Where a beneficial association, desiring to take out insurance on the lives of its members, falsely represents to an insurance company that a particular person was one of its members, and procures a policy on the life of such person on such representation, it is thereafter estopped from asserting that the insured was not a member.</p> <p>2. A beneficial association incorporated under the laws of Pennsylvania as a corporation of the first class “for beneficial and protective purposes to its members from funds collectable” from its members, has an apparent insurable interest in the lives of its members, on which an insurance company may rely in issuing a policy for the benefit of the association on the life of a person represented to be one of its members.</p> <p>3. In such case the insurance company will not be held to have intended to become a party to an agreement condemned by law.</p>