California Court of Appeal December 13, 1995, A068421 (California Indemnity Insurance Premium Finance Co. v. Fireman's Fund Insurance)

Opinion

PETERSON, P. J.

This appeal raises a difficult legal issue from the arcane world of insurance premium financing. When an insurance agent arranges a fraudulent insurance premium financing transaction for an insured which purports to be—but is not—authorized or ratified by the insured, is the risk of liability for the insured’s subsequent loss of premium borne by

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the insurer issuing