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" The essential thing is, that the policy shall be obtained in good faith, and not for the purpose of speculating upon the hazard of a life in which the insured has no interest. "
Pittsburgh Legal Journal - Halaman 243
1885
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Handbook of the Law of Insurance

William Reynolds Vance - 1904 - 683 halaman
...so connected with him as to make the continuance of the life a matter of some real interest to him. The essential thing is, that the policy shall be obtained...speculating upon the hazard of a life in which the insured has no interest." It may thus be seen that while a policy on the life of another is not a contract...
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The American State Reports: Containing the Cases of General ..., Volume 101

1905
...the interest must amount to a claim recognizable or enforceable in law": 54 LRA 234, note. In short, "the essential thing is that the policy shall be obtained...faith and not for the purpose of speculating upon the hazards of a life" : Connecticut etc. Ins. Co. v. Schaefer, 94 US 457, 460, 24 L. ed. 251 ; Kentucky...
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The South Western Reporter, Volume 95

1906
...divorced a vinculo matrimonii, and the wife having paid the premium up to the time of her former husband's death, brought suit on the policy. It was held that...hazard of a life in which the assured has no interest.' " The Supreme Court of Pennsylvania in Scott v. Dickson, 108 Pa. 6, 50 Am. Rep. 102, in commenting...
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The Law of Insurance: A Treatise on the Law of Insurance, Including Fire ...

Charles Burke Elliott - 1907 - 658 halaman
...character, or of that nature, either present or prospective, at the time the policy had its inception."17 The essential thing is that the policy shall be obtained...speculating upon the hazard of a life in which the insurer has no interest.18 The manner of the payment of the premium is of much importance in determining...
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Equity jurisprudence. Trusts. Equity pleading

Albert Hutchinson Putney - 1908
...have been formally and plainly laid down. It is said by the Federal Supreme Court that one essential is that the policy shall be obtained in good faith,...speculating upon the hazard of a life in which the insured has no interest. Insurance Co. vs. Schaefer, 94 US, 457, 460. An interest which is insurable...
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The American State Reports: Containing the Cases of General ..., Volume 128

Abraham Clark Freeman - 1909
...tontines were based substantiallT on this principle, and their validity has never been called in question. '•The essential thing is, that the policy shall...speculating upon the hazard of a life in which the insured has no interest. On this point, the remarks of Chief Justice Shaw, in a case which arose in...
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The Northwestern Reporter, Volume 130

1911
...benefit or advantage from the continued life of another creates an Insurable interest in such life. The essential thing Is that the policy shall be obtained...faith, and not for the purpose of speculating upon the hazards of a life In which the insured has no Interest Conn. Life Insurance Co. т. Schaefer, 94 US...
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Commentaries on the Law of Contracts: Being a Consideration of the ..., Volume 5

William Frederick Elliott - 1913
...character, or of that nature, either present or prospective, at the time the policy had its inception."20 The essential thing is that the policy shall be obtained...speculating upon the hazard of a life in which the insurer has no interest.21 The manner of the payment of the premium may be of much importance in determining...
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Bouvier's Law Dictionary and Concise Encyclopedia, Volume 2

John Bouvier - 1914
...Lenetit or advantage from the continued life of another creates an insuratle interest in such life. . . . The essential thing is, that the policy shall be obtained...speculating upon the hazard of a life In which the insured has no interest." In the same court, later, Field, J., In Warnock v. Davis, 104 US 775, 26...
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Modern American Law: A Systematic and Comprehensive Commentary on ..., Volume 14

Eugene Allen Gilmore, William Charles Wermuth - 1915
...have been formally and plainly laid down. It is said by the federal supreme court that one essential is that the policy shall be obtained in good faith,...speculating upon the hazard of a life in which the insured has no interest. Insurance Co. v. Schaefer, 94 US 457, 460. An interest which is insurable...
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