Audubon Republican. [volume] (Audubon, Iowa) 1894-1925, 1907-08-29
Standard Policy BEING Construed.

Standaro Poitcy bein9 construed.
Des Moines.--Uniess Iire insurance
policies written in Iowa under the
standard policy law specify the
amount Of additional insurance which
the insured may carry. he will be
! prohibited from carrying any addi-
tional to that in the policy first writ
ten.
This construction of the clause In
the standard policy over which there
has been considerable trouble, Is the
view OF both the auditor OF state and
the attorney general and was pro-
mulgated on the 10Th.
Thee lause In the standard form Is
as follows 1T Is hereby agreed that
the insured may obtain $......., ad-
ditional insurance In companies auth
orlzed to do business In the state of
Iowa"
Auditor Carroll after wrestling with
the subject for some time referred II
to the legal department with the fol-
lowing, among other Inquiries: IF a
company issues a policy without plac-
Ing any amount In the blank space
following the s sign should such act
be construed as refusal to permit
surance, orsas permitting the taking
OF an unlimited amount of other In.
surance?"
Attorney General Byers answering
this inquiry directly decided that the
blank space following the dollar sign
In the clause quoted is intended ITO
be filled by the parties making the
contract of insurance with their agree
ment, whatever II may be, as to adj
ditional lnsurance--if therefore, n
policy Is issued without filling In the
blank space following tho s sign, no
agreement Is contained In the policy
covering additional insurance, and
leaving such space blank should be
construed as refusal to permit the
taking OF other additional insurance"
In answer to other inquiries for in.
depreciation OF the clause the attorney
general said:
THE company can authorize the
taking OF an indefinite or unlimited
amount OF additional insurance by
simply writing In the blank following
the dollar sign the word other or
the words an unlimited amount Of
IF IL is the intention of the par
ties to the insurance contract to pro.
hibit the taking of any additional in
surance, then the blank shonld be
filled by writing in the word or words
mo- or no other
Companies may waive the provi.
sion Of the clause referred to limit
Ing the taking Of additional insur-
ance to companies authorized to do
business In the state OF Iowa." and
consent to the taking of insurance In
unauthorized as well as authorized
companies. This waiver may be ac-
;omplished by attaching to the policy
rider containing the agreement OF
waiver and ! would suggest the fol.
lowing form At the request of the
insured the clause In this policy linn
ting additional insurance to compan-
les authorized to do business In the
state OF Iowa Is hereby waived
THE entire provisions OF the clause
referred to cannot be waived by the
insurance company and another or DIFF
ferent one substituted If, I'm order to
fully state the contract OF the par
ties with reference to additional In.
surance IL Is necessary to add to or
take from the clause referred to. Il
must be done by rider.
"The blank following the dollar sign
In the policy can only be used to I'LL
In the amount Of additional insurance
Is authorized companies that the par
ties have agreed upon, or TO indicate
" appropriate words that no add
Honal insurance is to be obtained by
The insured. II, as stated above, the
parties agree that additional insur.
ance may be obtained In unauthoriz
ed companies this agreement must
be In the form of rider attached to
the nnlicNn