 | Law - 1882
...the early death of the assured. Such policies have a tendency to create a desire for the event. They are therefore, independently of any statute on the...assignee stipulates for the proceeds of the policy beyond the sums advanced by him, he stands in the position of one holding a wager policy. The law might... | |
 | Law reports, digests, etc - 1887
...policy is directly interested in the early death of the assured " It is further held in that case " that the assignment of a policy to a party not having an...insurable interest is as objectionable as the taking out a policy in his name." In other words, it is immaterial with what form the wagering contract may be... | |
 | Law reports, digests, etc - 1907
...the early death of the assured. Such policies have a tendency to create a desire for the event They are, therefore, independently of any statute on the...subject, condemned, as being against public policy." The learned justice recognizes the strong diversity of opinion among the courts of the states on this most... | |
 | Law - 1883
...disapproving the New York and Rhode Island cases. In Warnock v. Davis, 104 US 775, the court said : " The assignment of a policy to a party, not having...assignee stipulates for the proceeds of the policy, beyond the sums advanced by him, he stands in the position of one holding a wager policy. The law might... | |
 | Law - 1883
...insurance policy on the life of another by one not having such an interest, is a wager policy and void. An assignment of a policy to a party not having an insurable interest, whether of the whole or a portion merely of the insurance-money, is valid only to the extent of loans... | |
 | Law reports, digests, etc - 1906
...could by direct issue from the insurer. In Warnock v. Davis, 104 US 775, 20 L. Ed. 924, It was snid : "The assignment of a policy to a party not having...objectionable as the taking out of a policy in his name. * * * If there be any sound reason for holding a policy invalid when taken out by a party who has no... | |
 | Law reports, digests, etc - 1894
...well be held to be a cloak for wagering policies. The statement contained In the latter case, that "the assignment of a policy to a party not having...Interest is as objectionable as the taking out of the policy in his name," is a mere dictum, as It was not necessary to the decision of the case. The... | |
 | Law - 1885
...assured. Such policies have a tendency to create a desire for the event. They are, therefore, independent of any statute on the subject, condemned as being against public policy. The same ground which invalidates the one should invalidate the other — so far at least as to restrict... | |
 | Law - 1885
...assured. Such policies have a tendency to create a desire for the event. They are, therefore, independent of any statute on the subject, condemned as being against public policy. The same ground which invalidates the one should invalidate the other — so far at least as to restrict... | |
 | Law reports, digests, etc - 1903
...evasion of the law prohibiting gaming policies. The remark of Mr. Justice Field in the latter case, that 'the assignment of a policy to a party not having...objectionable as the taking out of a policy In his name,' was not necessary to the decision." The Supreme Court of Connecticut has also said, referring to Warnock... | |
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... affinity, to expect some benefit or advantage from the continuance of the life of the assured. Otherwise the contract is a mere wager, by which the party taking the policy is directly interested in the early death of the assured. Such policies have... 
