After plaintiff sustained a loss that its insurer contended was excluded from coverage, plaintiff and insurer entered into a loan receipt agreement under which the insurer lent plaintiff the funds needed to repair the damage to its property.  The plaintiff was not personally liable to repay the loan but agreed to repay out of any proceeds it received from suing the insurance broker who wrongly obtained the policy.  This decision holds that since it otherwise concludes that the insurer was not liable under its insurance policy to pay the plaintiff’s loss, the loan receipt agreement is valid and enforceable, and the insurance broker cannot invoke the doctrine of superior equities to avoid paying the loss incurred due to its negligence in obtaining the insurance policy.