124 Ga. 948 | Ga. | 1906
(After stating the foregoing facts.) Under the petition as amended, it appeared that four of the cestuis que trust-ent for whose benefit A. E. Fox took out the policy of insurance had reached the age of twenty-one years previously to the issuance of the policy, and the fifth cestui que trust had died. If, therefore, Fox held the legal title to the property as a trustee previously to the issuance of the policy to him, the trust has apparently become executed, as to four of the beneficiaries, and it may be that it would appear, if the instrument creating the trust were before us, that he had been divested of the legal title, at least as to a four-fifths interest in the property. But we do not base the decision of the ease on this apparent fact. Section 2090 of the Civil Code is as follows: “To sustain any contract of insurance, it must appear that the assured has some interest in the property or event insured, and such as he represented himself to have. . . So a husband
The stipulation as to ownership is one which if untrue would void the policy. See Palatine Ins. Co. v. Dickenson, 116 Ga. 794; Williamson v. Orient Ins. Co., 100 Ga. 791, and cit. Older cases were cited by the plaintiff, which he contended made the voiding of a policy because of the falsity of a representation dependent upon its materiality. We think they can be distinguished from the present case. In Southern Ins. Co. v. Lewis, 42 Ga. 587, the policy was issued upon a storehouse “owned and occupied by the assured as a store,” when in fact the title to the realty was in the agent of the company issuing the policy, who had agreed to convey the property to the insured. It was held that “their title to the store was one in which the courts of equity would have protected them. Bethel [the agent] could neither have recovered the premises in ejectment, nor could he have claimed the building, or removed it, or by any process either in law or equity have interfered
Affirmed,.