Principal – Agent

Principal – Agent

• Crown Life v Casteel
• 2023 – FSRA – Consultation

• www2.imms.com/members/3rdparty/AmerCol/legalbook/chap16c.htm

• [Principal-Agent]
• The rule in this Commonwealth has long been that “where limitations on the soliciting agent’s authority are contained in the application, the insured is bound to take notice thereof and he cannot hold the company bound for acts of the agent beyond such limitations ….” Metropolitan Life Insurance Company v. Tannenbaum, Ky., 240 S.W.2d 566, 570 (1951).

1968 – LC – Kentucky Central Life Ins. Co. v. Combs, Ky., 432 S.W.2d 415 – [link-CaseText]