The American Law Times Reports, Volume 41877 - Law reports, digests, etc |
From inside the book
Page 6
A policy of life insurance which stipulates for the payment of an annual premium
by the assured , with a condition to be ... But the time of payment in such policies
is material , and of the essence of the contract ; and failure to pay involves an ...
A policy of life insurance which stipulates for the payment of an annual premium
by the assured , with a condition to be ... But the time of payment in such policies
is material , and of the essence of the contract ; and failure to pay involves an ...
Page 7
The Manhattan policy contained the additional provision , that in every case
where the policy should cease or become null and void , all previous payments
made thereon should be forfeited to the company . The non - payment of the
premiums ...
The Manhattan policy contained the additional provision , that in every case
where the policy should cease or become null and void , all previous payments
made thereon should be forfeited to the company . The non - payment of the
premiums ...
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 . They not only
calculate on ...
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 . They not only
calculate on ...
Page 9
Those in health can get new policies cheaper than to pay arrearages on the old .
... of life 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 .
... of life 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
Statham . ure to pay had been voluntary , or could , by possibility , have been
avoided . ... the materiality of time in the condition of payment of premiums , and
to hold the contract ended by reason of non - payment , they cannot with any
fairness ...
Statham . ure to pay had been voluntary , or could , by possibility , have been
avoided . ... the materiality of time in the condition of payment of premiums , and
to hold the contract ended by reason of non - payment , they cannot with any
fairness ...
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