BEACON INSURANCE COMPANY, LTD. v. LANGDALE.

(1939) 65 Ll L Rep 57

COURT OF APPEAL.

Before Lord Justice Slesser, Lord Justice Luxmoore and Mr. Justice Atkinson.

Motor insurance-Excess clause in policy- Appellant motor cyclist insured with respondent insurance company against third-party risks-Accident involving pedal cyclist-Claim brought by pedal cyclist - Term of policy that the company "shall have full discretion in the conduct of any proceedings or in the settlement of any claim . . ."- Condition that assured should "be liable to pay the first five pounds, or any less amount for which the claim may be settled, of each claim arising under this policy . . ."-Claim settled by insurance company-Right of company to recover "first five pounds."