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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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Reports of Cases at Law and in Chancery Argued and Determined in ..., Volume 120

Illinois. Supreme Court - 1887
...and their validity has never been called in question. The essential thing is, that the policy should be obtained in good faith, and not for the purpose of speculating on the hazard of a life in which the assured has no interest." There are other authorities holding...
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Reports of Cases Argued and Decided in the Supreme Court of the ..., Buku 24

United States. Supreme Court - 1885
...tontines were based substantially on this principle, and their validity has never been called in question. The essential thing is, that the policy shall be obtained...speculating upon the hazard of a life in which the insured has no interest. On this point, the remarks of Chief Jwtice Shaw, in a case which arose in...
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United States Supreme Court Reports, Volume 24

United States. Supreme Court - 1901
...tontines were based substantially on this principle, and their validity has never been called in question. The essential thing is. that the policy shall be obtained...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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Insurable Interest Annuities: Hearings Before the Subcommittee on Retirement ...

United States. Congress. House. Committee on Post Office and Civil Service. Subcommittee on Retirement and Employee Benefits - 1975 - 37 halaman
...person to be benefited by the policy is interested in the death, rather than the life, of the insured.* The essential thing is that the policy shall be obtained...good faith, and not for the purpose of speculating on the hazard of a life in which the insured has no interest.4 In the fin,il analysis, therefore, the...
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Reports of Cases Determined in the Supreme Court of the State of ..., Volume 90

California. Supreme Court - 1906
...thing essential to relieve the policy of the character of a gaming or wagering contract is, "that it shall be obtained in good faith, and not for the purpose...hazard of a life in which the assured has no interest" ; citing Conn. Life Ins. Co. v. Schaefer, 94 US 457. Upon the same principle, it must have been held...
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Stempel on Insurance Contracts

Jeffrey W. Stempel - 2005
...which the Court stated that "the essential thing [for satisfying the requirement of insurable interest] is that the policy shall be obtained in good faith...speculating upon the hazard of a life in which the insured has no interest." 66 See, eg, Snethen v. Oklahoma St. Union of the Farm Educ. & Coop. of Am.,...
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Calculating Promises: The Emergence of Modern American Contract Doctrine

Roy Kreitner - 2006 - 256 halaman
...good faith as the key to the validity of assignment, and the Supreme Court's attitude was typical: "The essential thing is, that the policy shall be...speculating upon the hazard of a life in which the insured has no interest."62 Other courts expanded, or specified the role of good faith in the context...
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Insurable Interest Annuities, Hearings Before the Subcommittee on Retirement ...

United States. Congress. House. Post Office and Civil Service Committee - 1975 - 37 halaman
...person to be benefited by the policv is interested in the death, rather than the life, of the insured.' The essential thing is that the policy shall be obtained...good faith, and not for the purpose of speculating on the hazard of a life in which the insured has no interest.4 In the final analysis, therefore, the...
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Luzerne Legal Register Reports, Volume 1

George Brubaker Kulp, Joseph D. Coons, Wesley E. Woodruff - 1882
...such policies are also apparent and great, and therefore the law will not sanction insurance obtained for the purpose of speculating upon the hazard of a life, in which the assured has no interest. In the present case, as I have heretofore said, the policy on its face appears to be taken out by Beckwith...
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