wagering policy
Defined in 1 dictionary — Case Law
Definitions from Case Law
From 82 U.S. 643 - Cammack v. Lewis · 1872Most cited · 12 citing opinions
To procure a policy for $3000 to cover a debt of $70 is of itself a mere wager. The disproportion between the real interest of the creditor and the amount to be received by him deprives it of all pretence to be a bona fide effort to secure the debt