The American Law Times Reports, Volume 41877 - Law reports, digests, etc |
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Page 6
A policy of life insurance which stipulates for the payment of an annual premium by the assured , with a condition to be void on non - payment , is not an insurance from year to year like a common fire policy ; but the premiums ...
A policy of life insurance which stipulates for the payment of an annual premium by the assured , with a condition to be void on non - payment , is not an insurance from year to year like a common fire policy ; but the premiums ...
Page 7
The policies contained various conditions upon the breach of which they were to be null and void ; and amongst others the following : “ That in case the said ( assured ) shall not pay the said premium on or before the several days ...
The policies contained various conditions upon the breach of which they were to be null and void ; and amongst others the following : “ That in case the said ( assured ) shall not pay the said premium on or before the several days ...
Page 8
But whilst this is true , it must be conceded that promptness of payment is essential in the business of life insurance . All the calculations of the insurance company are based on the hypothesis of prompt payments .
But whilst this is true , it must be conceded that promptness of payment is essential in the business of life insurance . All the calculations of the insurance company are based on the hypothesis of prompt payments .
Page 9
Those in health can get new policies cheaper than to pay arrearages on the old . ... insurance forfeited ( like those in question ) by non - payment of the premium , even though the payment was prevented by the existence of the war .
Those in health can get new policies cheaper than to pay arrearages on the old . ... insurance forfeited ( like those in question ) by non - payment of the premium , even though the payment was prevented by the existence of the war .
Page 10
1 . ure to pay had been voluntary , or could , by possibility , have been avoided . ... And so , in the present case , whilst the insurance company has a right to insist on the materiality of time in the condition of payment of premiums ...
1 . ure to pay had been voluntary , or could , by possibility , have been avoided . ... And so , in the present case , whilst the insurance company has a right to insist on the materiality of time in the condition of payment of premiums ...
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