Summary

by John Marshall Harlan Thompson v. Phenix Insurance Company…

So that, where a policy runs to a receiver in a designated suit, a mere change of receiver does not involve a change in title or possession. If an insurance company intends its policy to mean otherwise, it must express that intention more distinctly than was done by the defendant. If a policy is so drawn as to require interpretation, and to be fairly susceptible of two different constructions, the one will be adopted that is most favorable to the insured.
Source: Wikisource

by John Marshall Harlan Thompson v. Phenix Insurance Company…

A definite, concluded agreement as to insurance, which in point of time preceded the preparation and delivery of the policy, is established by legal and exact evidence which removes all doubt as to the understanding of the parties. In the attempt to reduce the contract to writing, there has been a mutual mistake, caused chiefly by that party who now seeks to limit the insurance to an interest in the property less than that agreed to be insured.
Source: Wikisource

by John Marshall Harlan Thompson v. Phenix Insurance Company…

But this general rule, however salutary it may be, should not be so rigidly and sternly enforced as to work wrong and injustice where the receiver has acted in good faith, and under such circumstances as will enable the court to see that, if previous authority had been applied for, it would have been granted. The justice and right of the matter must depend to a great extent upon the special circumstances of each case that may be presented.' In the present case the only question that should concern the insurance company is whether, under the terms of the contract, it is liable for the loss.
Source: Wikisource

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