Reports of Cases Argued and Determined in the Supreme Court of Tennessee Volume 111
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Reports of Cases Argued and Determined in the Supreme Court of Tennessee Volume 111

Reports of Cases Argued and Determined in the Supreme Court of Tennessee Volume 111


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This historic book may have numerous typos and missing text. Purchasers can usually download a free scanned copy of the original book (without typos) from the publisher. Not indexed. Not illustrated. 1904 edition. Excerpt: ... the ordinary policy of insurance; and as a general rule, it creates no privity between the reinsurer and the party originally insured, but it is simply an agreement to indemnify the insurer, partially or altogether against a. risk assumed by the latter in a policy issued to a third party. (Post, pp.--.) Case cited and approved: Insurance Co. v. Insurance Co., 102 Tenn., 267. 8. BAKE. But reinsurer is liable to original insured, ii that intention appears. But it is well established, as an exception to this general rule, that a direct liability may be incurred by the reinsurer to the original insured, it the intention to create it sufliciently appears from the contract of reinsurance. 4. SAME. Same. Beinsurer assuming original policies becomes liable to holders thereof, when. Ruohs v. Insurance Co. Where the reinsurer contracts with the insured to assume the policies and to pay the holders thereof all such sums as the reinsured may become liable to pay, the original policy holders suffering losses may sue the reinsurer, and recover from him such losses. Cases cited and approved: Johannes v. Insurance Co., 66 Wis.. 50; Barnes v. Insurance Co., 56 Minn., 38; Whitney v. Insurance Co., 127 Cal., 464. 6. SAME. Same. Same. Reinsurer contracting to pay losses for original insurer's property and business is liable to original policy holders. A reinsurer contracting with the original insurer, in consideration of the entire business, property, assets, and good will of the original insurer, to pay the losses under the outstanding policies, becomes liable to the original insured policy holders. (Post, pp.--.) 6. CONTRACTS. Beneficiary may sue on promise of third person assuming the obIigor's obligation, The doctrine is firmly established...


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Product Details
  • ISBN-13: 9781234201807
  • Publisher: Rarebooksclub.com
  • Publisher Imprint: Rarebooksclub.com
  • Height: 246 mm
  • No of Pages: 194
  • Spine Width: 10 mm
  • Width: 189 mm
  • ISBN-10: 1234201801
  • Publisher Date: 05 May 2014
  • Binding: Paperback
  • Language: English
  • Returnable: N
  • Weight: 354 gr


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