Gordon v. Ware Nat. Bank
Court of Appeals for the Eighth Circuit
In Error to the Circuit Court of the United States for the District of Kansas. This action involves a controversy over the ownership of the proceeds of a policy of insurance between the administrator of the estate of Melissa A. Gordon, the plaintiff, and the Ware National Bank, the defendant The insurance company admitted its liability, and paid into the court below the amount owing upon the policy, which insured the life of William Gordon for $5,000. All the premiums…
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In Error to the Circuit Court of the United States for the District of Kansas. This action involves a controversy over the ownership of the proceeds of a policy of insurance between the administrator of the estate of Melissa A. Gordon, the plaintiff, and the Ware National Bank, the defendant The insurance company admitted its liability, and paid into the court below the amount owing upon the policy, which insured the life of William Gordon for $5,000. All the premiums required to be paid by this policy had been paid by Gordon before the year 1879. The amount promised by the policy was payable…
1Opinion of the CourtSanborn, Circuit Judge
The issue of a policy of insurance to one who has no interest as a relative, dependent, creditor, or otherwise, in the life insured, and who pays the premiums for the chance of recovering upon the policy, is against the public policy of this nation, and void, because the interest *446of the holder of the policy is to shorten, rather than to lengthen, the life insured, and his maintenance of the policy is of the nature of a wager. Evasions of this rule by the issue of a policy to one who has an insurable interest, and its immediate assignment, pursuant to a preconceived intent, to one without such…
2Cases cited49 opinions
- Cromwell v. County of SacSupreme Court of the United States · 1877
- New York Mutual Life Insurance v. ArmstrongSupreme Court of the United States · 1886
- Warnock v. DavisSupreme Court of the United States · 1882
- Connecticut Mutual Life Insurance v. SchaeferSupreme Court of the United States · 1877
- Olmsted v. . KeyesNew York Court of Appeals · 1881
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3Cited by32 opinions
- Rylander v. AllenSupreme Court of Georgia · 1906
- Clegg v. United StatesCourt of Appeals for the Tenth Circuit · 1940
- Vermillion v. Spotted ElkNorth Dakota Supreme Court · 1957
- Lincoln Nat. Life Ins. Co. v. ScalesCourt of Appeals for the Fifth Circuit · 1933
- Citizens Nat. Bank of Orange, Va. v. WaughCourt of Appeals for the Fourth Circuit · 1935
27 more not listed; retrieve them via the Exa API.