Supreme Court of New Hampshire June 15, 1875 (Cummings v. Cheshire County M. F. Ins.)

Insurance — Assignment of policy. What is the nature of the contract of insurance? In Lucena v. Craufurd, 2 Bos. Pul. (N. R.) 300, Mr. Justice LAWRENCE gives precedence to the definition of Grotius in his Introduction to the Jurisprudence of Holland, published in 1631, the English translation of which definition is, — "Insurance is a contract by which the one party, in consideration of a price