California.

The codes of California as amended and in force at the close of the thirty-eighth session of the Legislature, 1909 (Volume 2 Civil Code) online

. (page 23 of 156)
Online LibraryCaliforniaThe codes of California as amended and in force at the close of the thirty-eighth session of the Legislature, 1909 (Volume 2 Civil Code) → online text (page 23 of 156)
Font size
QR-code for this ebook


112; 49 L. 208; 50 L. 111.

Same — By assignor's acts, effect on assignee. — See 18 L. 136.

Same — Discontinuance of cause of, whether revives. — See 80
A. S. 305.

Same — Estoppel to insist upon because of knowledge of
agent. — See 26 A. R. 370.

Same — Paid-up and non-forfeited policy of life insurance. —
See 15 L. 449-455.

Same — Silence or failure to act by insurer after notice of
breach of condition in policy, as waiver of forfeiture for
breach. — See 8 A. C. 500.

Funds against foreign company. — See 20 L. 409.

Habits and occupation as affecting policy or contract. — See
5 L. N. S. 283.

"Hazardous" and "extrahazardous," nneaning of in insurance
policy. — See 97 A. D. 798; 3 W. & P. 2624; 4 W. & P. 3224.

Same — Same — Prohibited articles kept in the ordinary course
of business. — See 24 A. R. 150.

Incontestable clause, as to generally, see 42 L. 247-261; 2 L.
N. S. 821; 5 L. N. S. 747; 6 L. N. S. 1039; 6 L. N. S. 1064.

Increase of risk by change of companies of person. — See 10 L.
383.

246



Tit.II.ch.L] INSURANCE, GENERALLY. § 414

Incumbrances, conditions ag-ainst.^ — See 1 L. 218; 4 L. 538; 8
L. 73; 20 L. 400.

Indemnity insurance — As to, generally, 7 L. N. S. 958; 9 L. N.
S. 654; 11 L. N. S. 194; 12 L. N. S. 478.

Same — Loss and settlement.— See 6 L. N. S. 562-565; 9 L. N. S.
478.

Infants as members of co-operative or assessment company. —
See 17 L. 547.

Innocent misrepresentations as to health, effect on policy. —
See 53 L. 193-205.

Insurable interest — In life — As to generally, see 1 L. 238; 2
L. 844; 6 L. 136; 7 L. 217; 12 L>409; 13 L. 434; 19 L. 187.

Same — Same — Assig'nment to one within insurable interest. —
See "Transfer of policy or interest," this note.

Same— Same— Consent of person whose life is insured as a
condition precedent.- — See 56 L. 586-591.

Same — Same — Defense of want of as affected by incontestable
clause.— See 5 L. N. S. 747.

Same^Same — "Dependent," who may be considered as a,
within restrictions as to benefit of mutual benefit associa-
tions. — See 2 L. N. S. 653. •

Same — Same — "Family," who is a member of, within contract
of benefit society. — See 3 L. N. S. 334.

Sam.e — Same — In the life of another, and necessity of. — See
57 A. D. 93; 46 A. R. 189; 52 A. R. 135; 58 A. R. S52.

Same — Same — In life of parent or child or otlier blood rela-
tive. — See 54 L. 225-233.

Same — Same — Insurable interest of creditor in life of debtor.
— See 2 L. 844.

Same — Same — Right to take life insurance for benefit of
stranger. — See 25 L. 627-630.

Same — Same — Validity of life insurance for benefit of be-
trothed wife. — See 19 L. 187; 53 L. 825.

Same — Same — Wife's right to insure life of husband.— See 53
L. 817-825.

Same — Same — Same — Promised marriage and irregular mar-
riages. — See 52 L. 825.

Same — Same — Wager policy on life. — See 6 L. 137; 7 L. 217;
12 L. 409; 13 L. 434.

Same — In property — Generally, see 11 L. 598; 43 L. 664; 66 L.
657-662.

Same — Same — Of one secondarily liable on obligation where
property is primarily charged. — See 9 L. N. S. 490.

Same — Same — What is. — See 7 A. D. 42; 20 A. D. 510.

Same — Same — -When must exist under fire policies. — See 52 L.
330-341.

Insurer — Right to change from assessment to level premium
plan.— See 4 A. C. 361; 1 L. N. S. 623.

' 247



§ 414 CIVIL CODE. [Div.I.Pt.IV.

Interest in proceeds^ — As to, generally, 3 L. N. S. 478; 3
L. N. S. 727; 3 U N. S. 904; 4 L. N. S. 456; 4 L. N. S. 939; 6 L.
N. S. 448; 7 L. N. S. 393; 8 L. N. S. 923; 10 L. N. S. 1066; 11 L.
N. S. 143; 11 L. N. S. 234; 12 L. N. S. 1206.

Knowledge of fraud of insurer's agent, as estoppel or
waiver. — See 5 L. 646; 16 L. 33-38.

Liability — Of funds held by mutiial benefit societies to the
claims of their creditors. — See 6 L. N. S. 235.

Same — Of members of mutual fire insurance company — As to
generally, see 32 L. 481-508.

Same — Of officers of mutual company to members for permit-
ting division of funds. — See 2 L. N. S. 165.

Life insurance — Agents accepting insurance when they know
answers in tlie application are false. — See 7 A. R. 128.

Same — Assignee, whether must have an insurable interest. —
See 27 A. R. 327.

Same — Assignment of policies of. — See 87 A. S. 484.

Same — Same — To one having no interest in the life insured. —
See 16 A. S. 906.

Same — Beneficiary, results of the death of before that of the
person whc^e life is insured. — See 11 A. S. 721.

Same — Same — When not entitled to sue for. — See 19 A. R. 331.

Same — Conflict of laws respecting nonforfeiture of policy. —
See 104 A. S. 483.

Same- — Death by voluntary exposure to unnecessary danger,
hazard, or perilous adventure, what is. — See 12 A. S. 272.

Same — Same — In known violation of law. — See 60 A. S. 160.

Same — Same — Resulting from a criminal act. — See 21 A. R.
542.

Same — Disease existing at time of application, when avoids
policy of. — See 3 A. S. 634.

Same — Fraud on creditors, whether results from withdrawal
by debtor of moneys for procuring. — See 88 A. D. 530.

Same — Fraudulent as to creditors, when. — See 29 A. S. 360.

Same — Good health, what is within the meaning of the law
of.— See 10 A. S. 242.

Same — Insurable interest, whether policy may be made pay-
able to a person having none. — See 58 A. R. 852.

Same — Same— When exists. — See 57 A. D. 93; 52 A. R. 135;
46 A. R. 189.

Same — Premiums, nonpayment of due to war. — See 19 A. R.
512.

Same — Suicide as a defense. — See 59 A. D. 487; 3 A. R. 454;
.19 A. R. 628; 84 A. S. 539; 17 L. 89; 42 L. 253; 63 L. 867; 7 L. N. S.
223; 8 L. N. S. 1124.

Same — Same — Insanity as affecting condition in policy as to
suicide. — See 35 L. 258-266.

Same — To secure debt of insurer, validity of. — See 53 L. 462.

248



Tit.IT,ch.I.] INSURANCE, GENERALLY. § 414

Sam.e— Warranty of sober and temperate habits, what con-
stitutes breach of. — See 38 A. R. 615.

Same — When regarded as wagering contract becaiise of the
small insurable interest. — See 60 A. R. 729.

Limitation of actions on policies of — As to generally, see 28
A. S. 583.

Same — Effect of clause in policy.- — See 1 L. 847; 3 L. 344; 8
L. 48; 49 L. 208; 63 L. 204; 63 L. 868.

Same — When time begins to run. — See 47 L. 697-711.

Lloyd's insurance policies — Action on. — See 55 L. 193-203.

Location of movable property. — See 26 L. 237-242; 26 L. 26-7.

Loss and its adjustment — Actions, enforcing payment — As to
generally, see 2 L. 788; 3 L. 525; 20 L. 669; 25 L. 274; 52 L. 721;
61 L. 537, 545; 63 L. 863; 64 L. 615; 66 L. 200-234; 4 L. N. S. 870;

5 L. N. S. 88; 10 L. N. S. 264; 12 L. N. S. 907.

Same — Saine — Action on Lloyd policy. — See 55 L. 193-203.

Same — Same — Contractional limitation of time. — See 1 L. 487;
3 L. 344; 8 L. 48; 49 L. 208; 63 L. 204; 63 L. 868.

Same — Same — Same — When begins to run. — See 47 L. 697-
711.

Same — Arbitration. — See 4 L. N. S. 288; 10 L. 558-560: 11 L.
598.

Same- — By fire, what included within. — See 23 A. S. 915.

Same — ^Cause of loss or death — As to generally, see 3 L. 486;

6 L. 495; 9 L. 685; 13 L. 838; 26 L. 267; 68 L. 288.

Same — Same — Explosion. — See 9 L. 594-598; 29 L. 359.

Same — Saine — Suicide as a defense. — See 17 L. 89; 42 L. 253;
63 L. 687; 7 L. N. S. 223; 8 L. N. S. 1124.

Same — Same — Saine — Insanity as affecting condition as to
suicide. — See 35 L. 258-266.

Same — Same^Under accident policy. — See 3 L. 443; 9 L. 371;
9 L. 687; 13 L. 263; 17 L. 753; 30 L. 211.

Same — Same — Same — What constitutes an accident within ac-
cident policy. — See 30 L. 206-211.

Same — Same — Voluntary exposure to unnecessary damage. —
See 40 L. 432-448.

Same — Extent of injury, loss or recovery — Generally. — See 2
L. 845; 15 L. 127; 26 L. 107; 63 L. 866.

Same — Same — Constructive total loss of insured building. —
See 56 L. 784-792.

Sam.e — Same — Insurer's option to rebuild. — See 3 L. 170; 26
L. 853-857.

Same — game — Marine insurance. — See 9 L. 831; 20 L. 839.

Same — Same — What constitutes total disability. — See 38 L.
529-539.

Same — For which insurer is liable. — See 36 A. S. 852.

Same — Interest in proceeds — -As to generally, see 3 L. 426;
13 L. 434; 17 L. 438; 19 L. 34; 63 L. 862; 3 L. N. S. 478; 3 L. N. S.

249



§ 414 CIVIL CODE. [Div.I,Pt.IV.

727; 3 L. N. S. 904; 4 L. N. S. 456; 4 L. N. S. 939; 6 L. N. S. 448;
7 L. N. S. 393; 8 L. N. S. 923; 10 L. N. S. 1166; 11 L. N. S. 143;
11 L. N. S. 234; 12 L. N. S. 1206.

Same — Same — Divorce as affecting wife's right to insurance
on husband's life.— See 50 L. 552.

Same — Same — "Heirs," wlio are within life policy. — See 30 L.
593-596; 63 L. 856.

Same — Same — Legal representative, who are within life pol-
icy. — See 30 L. 609.

Same — Same — Life insurance as assets of bankrupt or insol-
vent.— See 50 L. 33-4 6.

Same — Same — Rights of mortgagee. — See 19 L. 321; 25 L. 305;
25 L. 679.

Same — Same — Rights of vendor and vendee to proceeds. — See
37 L. 150.

Sam.e — Proof of loss or death — As to generally, see 1 L. 217;
3 L. 426; 7 L. 72; 7 L. 81; 8 L. 77; 18 L. 85; 9 L. N. S. 485.

Same — Same — Conclusiveness of as against insured or bene-
ficiary. — See 44 L. 846-860.

Same — Same — Duty of insured to submit to examination and
furnish information. — See 52 L. 424-427.

Same — Risk and causes of dearth or injury to person. — See 1
L. N. S. 422; 2 L. N. S. 168; 4 L. N. S. 636; 5 L. N. S. 657; 5 L. N.
S. 926; 6 L. N. S. 609; 8 L. N. S. 970; 8 L. N. S. 1014; 10 L. N. S.
957.

Same- — Risk and causes of loss or injury to property. — See 1
L. N. S. 1095-1098; 8 L. N. S. 308.

Same — Submission to arbitration. — See 10 L. 558-560; 11 L.
598; 4 L. N. S. 288.

Same— Subrogation. — See 2 L. N. S. 922; 3 L. N. S. 79.

Same — Suicide. — See "Cause of loss or death," this title.

Loss of status of incorporation as limitation upon powers of
insurance company. — See 63 L. 853.

Marine Insurance — Collisions, liability for injuries caused by
to another vessel by the insured vessel. — See 54 A. D. 787.

Same — Deviation by necessity, effect of upon policy. — See 58
A. D. 673.

Same — Deviation of vessel, what is and effect of. — See 33 A.
D. 60.

Same — Goods stowed on deck and jettisoned, M'hen covered
by policJ^ — See 86 A. D. 500.

Same — Liability for injuries caused by another vessel through
collision with the insured vessel. — See 54 A. D. 787.

Sam.e — Loss due to neglect to employ a pilot. — See 33 A. D.
599.

Same — "Perils of the sea," what are. — See 41 A. D. 281.

Same — Seaworthiness, implied wai-ranty of. — See 58 A. D. 671.

250



Tit.IT,ch.T.] INSURANCE, GENERALLY. § 414

Same — Seaworthiness, what is within the meaning of the
law. — See 33 A. D. 33.

Same — Warranty of seamansliip, what einbraced in. — See 1
A. D. 165.

Minor, policy of insurance on life of. — See 57 L. 496-504.

Mortgagees — Forfeiture of, as against, for breaches of con-
dition. — See 58 A. S. 667.

Same — Rights of under an insurance on the mortgaged prop-
erty.— See 54 A. D. 693.

Mortgagor, right to proceedings. — See 19 L. 321; 25 L. 305;
25 L. 659.

Mutual or membership, life or accident, features of law spe-
cially applicable to. — See 52 A. S. 543.

Notice — Of assessment. — See 2 L. 118; 5 L. 106; 49 L. 208; 63
L. 862.

Same — To agents. — See notes §§ 18, 19, ante.

Of bicycles.— See 47 L. 307.

On mortgaged premises, application of proceeds of. — See 118'
A. S. 968.

On movable property including livestock, and the effect of
removal. — See 95 A. D. 751.

Option of insurer to rebuild. — See 3 L. 170; 26 L. 853-857.

Oral contract of insurance, validity of. — See 22 L. 768-773.

Other insurance, effect on policy. — See 10 L. 359; 49 L. 208.

"Other," what constitutes. — See 43 A. R. 221.

Overinsurance, waiver of conditions against. — See 27 A. R.
597.

Overvaluation, effect of. — See 35 A. R. 74.

Paid-up insurance. — See 8 L. N. S. 193.

Parent, insurable interest in life of.— See "Insurable inter-
est," this note.

Policy or contract — As to generally, see 5 L. N. S. 407; 5 L.
N. S. 739; 8 L. N. S. 916; 10 L. N. S. 198; 10 L. N. S. 1089; 12
L. N. S. 421; 12 L. N. S. 612.

Same — By-laws, effect of on — See 1 L. N. S. 1065: 8 L. N. S.
521; 12 L. N. S. 504.

Same — Cancellation of. — See 3 L. N. S. 114; 7 L. N. S. 1163;
12 L. N. S. 881.

Same — Conditions, title and increase of risk — As to generally,
see 1 L. 222; 1 L. 563; 4 L. 538; 8 L. 74; 9 L. 81; 13 L. 263.

Same — Same- — Change of title or interest. — See 4 L. 539-541;
9 L. 627; 11 L. 293; 18 L. 481; 38 L. 562-565.

Same — Same — Conditions against encumbrance. — See 1 L. 218;
4 L. 538; 8 L. 73; 20 L. 400.

Same — Same — Conditions as to keeping and producing books
and papers. — See 51 L. 699-713.

Same — Same — Location of movable property. — See 26 L. 237-
242; 26 L. 267.

251



§ 414 CIVIL CODE. [Div.I.Pt.IV.

Same — Same — Other insurance, increase of risk. — See 4 L. 84S;
10 L. 359; 10 L. 383; 11 L. 299; 49 L. 208.

Same — Construction of — As to generally, see 5 L. 96; 5 L. 799;
5 L. 808; 7 L. 217; 8 L. 113; 8 L. 834; 11 L. 340; 12 L. 210; 13 L.
263; 26 L. 267; 30 L. 636; 47 L. 681; 49 I.. 208; 63 L. 856.

Same — Same — Separability of insurance in same policy. — Soo
19 Lr. 212-218.

Same — Effect of expulsion for society. — See 25 L. 149.

Sam/^ — Forfeitures and suspensions — As to generally, see 1
L. 256; 2 L. 118; 4 L. 538; 5 L. 806; 9 L. 189; 9 L. 317; 14 L. 283;
26 L. 112; 49 L. 208; 50 L. 111.

Same — Same — Paid up and nonforfeiting policy of life insur-
ance. — See 15 L. 449-455.

Same — Incontestability of. — See 42 L. 247-261.

Same — On life of minor. — See 57 L. 496-504.

Same — Paid-up insurance. — See 8 L. N. S. 193.

Same — Premiums and assessments — Generally, see 1 L. 46; 2
L. 786; 8 L. 114; 14 L. 283; 20 L. 407; 23 L. 435; 57 L. 69.

Sam.e— Same— Notice.— See 2 L. 118; 5 L. 806; 49 L. 208; 63 L.
862.

Same — Reformation of. — See 2 L. 64; 3 I... 189; 5 L. 712; 6 L.
200; 6 L. 838; 2 L. N. S. 548; 11 L. N. S. 357; 12 L. N. S. 907.

Same — Representations and warranties — As to generally. — See

1 L. 564; 7 L. 217; 8 L. 72; 10 L. 666; 13 L. 265; 39 L. 265; 63 L>.
864.

Same — Same — False representation as to previous applica-
tion for insurance. — See 55 L. 122-138.

Same — Same — Innocent misrepresentation as to health. — See
53 L. 193-205.

Same — Termination of.— See 8 L. 719; 10 L. 144; 30 L. 69.

Same— Validity— Generally. — See 63 L. 833-896.

Same — Same — Of fire insurance on property irregularly used.
— See 40 L. 845-848.

Same — Same — Of life insurance to secure debt of insurer. — See
53 L. 462.

Same — Same — Of oral contract of insurance. — See 22 L. 768-
773.

Same — Warranties, representations, conditions, and incon-
testability. — As to, generally, 8 L. N. S. 938; 10 L. N. S. 736;
11 L. N. S. 92; 12 L. N. S. 484.

Same — Sam.e — Habits and occupation. — See 5 L. N. S. 283.

S{ime — Same — Incontestable clause. — See 2 L. N. S. 821; 5 L.
N. S. 747; 6 L. N. S. 1039; 6 L. N. S. 1064.

Same — Same — Premiums and assessments. — See 1 L. N. S. 914;

2 L. N. S. 1051; 3 L. N. S. 1014; 6 L. N. S. 1039; 7 L. N. S. 238; 7
L. N. S. 253; 7 L. N. S. 1154; 8 L. N. S. 848; 12 L. N. S. 319.

Same — Same — Previous rejection, and other insurance. — See
4 L. N. S. 347; 5 L. N. S. 759.

252



Tit.II.ch.L] INSURANCE, GENERALLY. * § 415

Same — Same — Title and ownership. — See 2 L. N. S. 512; 3 L.
N. S. 107; 7 L. N. S. 627; 8 L. N. S. 903.

Same— Same — Vacancy.— See 2 L. 517; 3 L. 966; 4 L. 1137; 12
L. 456.

Powers of members of benefit societies. — See 2 L. 163.

Premiums and assessments — As to, generally, 1 L. 146; 2 L.
786; 8 L. 114; 14 L. 283; 20 L. 407; 23 L. 435; 57 L. 69; 1 L. N. S.
914; 2 L. N. S. 1051; 3 L. N. S. 114; 6 L. N. S. 1039; 7 L. N. S. 238;
7 L. N. S. 253; 7 L. N. S. 1154; 8 L. N. S. 884; 12 L. N. S. 319.

Same — Notice. — See 2 L. 118; 5 L. 806; 49 L. 208; 63 L. 862.

Same — Waiver of paj'ment of, what amounts to. — See 29 A. R.
777.

Previous rejection and other insurance, effect on contract or
policy.— See 4 L. N. S. 247; 5 L. N. S. 759.

Privileged communications, statement of physicians, exact-
ing in and respecting proofs of death. — See 52 A. R. 4.

Proof of loss — As to, generally, 9 L. N. S. 485; also "Loss
and its adjustment," this note.

Proximate cause of loss, what is. — See 36 A. S. 852.

Reformation of contract or policy. — See 65 A. S. 514; 2 L.
N. S. 548; 11 L. N. S. 357.

Same — Action on as bar to reformation.- — See 12 L. N. S. 907.

Reinsurance — As to, generally, see 10 L. 423; 38 L. 110: 8 L.
N. S. 844-862.

Same- — And the remedies of the parties thereunder. — See 45
A. S. 442.

Representations and warranties. — See 16 A. D. 462.

Restrictions on insurance by unincorporated associations or
individuals. — See 25 L. 238.

Retention of policy as waiver of mistake or fraud of in-
surer or his agent. — See 67 L. 705-744.

Right of assessment company to change plan or class of
policies.— See 4 A. C. 361; 1 L. N. S. 623.

Right of policy holder to inspect books of insurance com-
pany. — See 11 L. N. S. 189.

Right to proceeds, "heirs," who entitled as. — See 44 A. S. 404.

Risks and cause of death or injury to person. — See 1 L. N. S.
422; 2 L. N. S. 168; 4 L. N. S. 636; 5 L. N. S. 657; 5 L. N. S. 926;
6 L. N. S. 609; 8 L. N. S. 970; 8 L. N. S. 1014; 10 L. N. S. 957.

Risk and causes of loss or injury to property. — See 1 L. N. S.
1095-1098; 8 L. N. S. 308.

Sale or alienation of property, when avoids. — See 28 A. D.
154.

Set-ofE in case of bankruptcy. — See 55 L. 49.

Severability of insurance in same policy. — See 19 L. 212-218.

Situs of insurance for purposes of administration. — See 24
L. 687.

253



§ 414 CIVIL CODE. [Div.I.Pt.IV.

Stranger, right to take life insurance for benefit. — See 25 L.
627-630.

Subrogation — And right to. — See 2 L. N. S. 922; 3 L. N. S. 79.

Same — Insurer's right to. — See 44 A. S. 731.

Successive insurers, liability of. — See 28 A. D. 121.

Suicide — As a defense to action on policy. — See 59 A. D. 487;
3 A. R. 454; 19 A. R. 628; 84 A. S. 539; 17 K 89; 42 L. 253; 63
L. 867; 7 L. N. S. 223; 8 L. N. S. 1124.

Same — Effect on enforcement of policy. — See 7 L. N. S. 223;
8 L. N. S. 1124.

Same — Insanity as affecting condition in policy as to suicide.
—See 35 L. 258-266.

Surplus assets. — See 38 L. 110.

Suspension and forfeitures. — See "Forfeitures and suspen-
sions," this title.

Title and ownership — As to generally. — See 2 L. N. S. 512; 3
L. N. S. 107; 7 L. N. S. 627; 8 L. N. S. 903.

Same — Change of or interest, effect on policy of insurance. —
See 4 L. 451; 4 L. 539; 9 L. 627; 11 L. 293; 18 L. 481; 38 L. 562-
565.

Temporary removal of property, effect of. — See 43 A. R. 34.

"Tornado," meaning of in insurance policy. — See 8 L. N. S.
308; 8 W. & P. 7006.

Total disability, what constitutes. — See 35 L. 529-539.

Transfer of policy — and interest therein — As to, generally,
3 L. N. S. 935-952; 6 L. N. S. 128; 12 L. N. S. 1206.

Same — Beneficiary — Power of insured to destroy rights of. —
See 49 L. 737-753.

Same — Same — Change of. — See 5 L. 95; 15 L. 350; 63 L. 862.

Same — Or interest of beneficiary — ^As to generally, see 9 L.
660; 10 L. 259; 32 L. 482; 63 L. 858.

Same — Same— Change of beneficiary. — See 5 L. 95; 15 L. 350;
63 L. 862.

Same — Same — Effect on assignee of assignor's act of for-
feiture. — See 18 L. 136.

Same — Same — Power of insured to destroy right of bene-
ficiary.— See 49 L. 737-753.

Same — Significance of these and like expressions. — See 10 A.
S. 390; 8 W. & P. 7198-7205.

"Vacant" or "unoccupied" — As affecting validity of Insurance.
— See 2 L. N. S. 517; 3 L. N. S. 966; 4 L. N. S. 1137: 12 L,. N. S.
456.

Vendor and vendee — Respective rights in when part of the
purchase price has been paid. — See 84 A. D. 429.

Same — Right to proceeds. — See 37 L. 150-153.

Voluntary exposure to unnecessary dangers, effect of on
policy. — See 40 L. 432-448.

254



Ii Tit.II,ch.I.] PURCHASE OF REALTY. §415

Waiver — And estoppel.- — See "Estoppel and waiver," this note.

Sanie — By requiring further proofs of loss. — See 9 A. S. 236.

Same — Of conditions against other insurance. — See 27 A. R.
601.

Saine — Of conditions in insurance policy by insurer's failure
to inquire into existing facts. — See 9 A. C. 994.

Same — Of conditions requiring waivers to be indorsed in
writing.— See 42 A. R. 621; 107 A. S. 99.

Same — Constitutionality of statutes providing damages or
penalty for refusal or failure of insurance company to pay
loss.— See 5 A. C. 405.

Same — Misrepresentations. — See 2 A. C. 99; 3 A. C. 821.

Same — Same — Validity of statute providing that insurance
contract shall not be avoided for immaterial or false war-
ranty. — See 7 A. C. 1107.

Same — Validity of parol assignment of insurance policy. —
See 5 A. C. 410.

Warranties and representations and their effect. — See 16 A.
D. 462; 59 A. R. 816.

Wife — Divorce as affecting right to insure upon husband's
life. — See 50 L. 552-554.

Same — Right to insure life of husband. — See 53 L. 817-825.



§415. PURCHASE A>D CO^fVEYANCE OF BEAL
ESTATE. [WHAT PROPERTY MAY BE HELD; WHAT
MUST BE SOLD WITHIN FIVE YEABS.] No insurance cor-
poration may purchase, hold or convey real estate, except
as hereinafter set forth, to wit:

1. The building in which it has its principal office and
the land upon which it stands.

2. Also, such as may be requisite for its accommodation
in the convenient transaction of its business.

3. Also, such as may be conveyed to it, or to any person
for it, by way of mortgage, or in trust or otherwise, to secure
or provide for the payment of loans previously contracted
or for moneys due.

4. Also such as may be purchased at sales upon deeds of
trust, or judgments obtained or made, for such loans or debts.

5. Also such as may be conveyed to it in satisfaction of
debts previously contracted in the course of its dealings.

All such real estate, mentioned in subdivisions three, four,
and five, so acquired, which is not requisite for the accom-

255



§§416,417 CIVIL CODE. [Div.I,Pt.IV.

modation of such corporation in the transaction of its busi-
ness, must be sold and disposed of within five years after
such corporation acquired title to the same.

History: Enacted March 21, 1872; amended by Code Commis-
sion, Act March 16, 1901, Stats, and Amdts. 1900-1, p. 354, held
unconstitutional, see history, § 4 ante; amendment re-enacted
Feb. 24, 1905, Stats, and Amdts. 1905, p. 21.

§ 416. POLICIES, HOW ISSUED A>D BY WHOM SIGNED.

All policies made by insurance corporations must be sub-
scribed by [1] the president or vice president, or in case of
the death, absence, or disability of those officers, by [2] any
two of the directors, and [3] countersigned by the secretary
of the corporation. All such policies are as binding and
obligatory upon the corporation as if executed over the
corporate seal.

History: Enacted March 21, 1872.

See Kerr's Cyc. C. C. for 14 pars, annotation.

As to many miscellaneous matters of insurance, see note
§ 414, ante.

As to power of corporations generally to contract without
seal, see Kerr's Cyc. C. C. § 354, subd. S and note.

As to validity of oral insurance contract, see 22 L. 768-773.

Conditional delivery of insurance policy. — See 2 L. 150.

Powers of insurance agents in respect to assured. — See- 16
Encyc. L. 914-918.

§ 417. DIVIDENDS, OF WHAT, AND WHEN DECLARED.

The directors of every insurance corporation, at such times
as their by-laws provide, must make, declare, and pay to
the stockholders dividends of so much of the net profits of



Online LibraryCaliforniaThe codes of California as amended and in force at the close of the thirty-eighth session of the Legislature, 1909 (Volume 2 Civil Code) → online text (page 23 of 156)