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Full-Text Articles in Insurance Law
Insurance-Rate Regulation-Construction And Effect Of Guaranty Bond Agreement, Robert L. Harmon
Insurance-Rate Regulation-Construction And Effect Of Guaranty Bond Agreement, Robert L. Harmon
Michigan Law Review
Plaintiff, an insurance agents' association and several other insurance companies and associations, instituted an action attacking an order of the State Board of Insurance. The order approved a guaranty bond form, together with rates and rules, which had been submitted to ,the Board pursuant to statute by the defendant insurance company. The guaranty agreement was an arrangement whereby defendant guaranteed payment of losses under fire insurance policies of other insurers in the event the latter should be unable to pay. Although the bond form was not restricted to any specific original insurers, it was contemplated that defendant would use ,the …
Is The Business Of Insurance Commerce? A Re-Examination In The Light Of Modern Times, Nathan R. Berke
Is The Business Of Insurance Commerce? A Re-Examination In The Light Of Modern Times, Nathan R. Berke
Michigan Law Review
A question of considerable import which has arisen time and again in recent years, particularly since the enactment of the various federal regulatory acts within the past decade, is whether the business of insurance is commerce. Although not a new question, and by no means unanswered by the courts, it has been a subject of recent reconsideration and in all probability will be reviewed by the United States Supreme Court.
Insurance - Insurable Interest - Tenant At Will, Robert D. Ulrich
Insurance - Insurable Interest - Tenant At Will, Robert D. Ulrich
Michigan Law Review
Plaintiff, an unincorporated religious association, brought this action to recover on a fire insurance policy. Evidence was introduced from which the jury could find that the plaintiff had occupied and used the premises as a church for sixteen years before the policy was issued, but during this period title stood in the name of an incorporated church society. After the date of the policy, but prior to the loss, title was conveyed to the plaintiff. Defendant insurer appeals from judgment for the plaintiff on the ground that plaintiff had no insurable interest on the date of the policy. Held, …
Insurance - Remainderman's Share In Proceeds Of Life Tenant's Policy
Insurance - Remainderman's Share In Proceeds Of Life Tenant's Policy
Michigan Law Review
Buildings insured by the life tenant for their full value were totally destroyed and the insurance money paid over to the life tenant. The remainderman brought suit under a statute requiring the giving of security for the protection of the remaindermen by those having limited interests in personal property. Held, the remainderman has no interest in the proceeds of the policy and cannot compel the life tenant to render security. In re Gorman's Estate, (Pa. 1936) 184 A. 86.