Interstate Life & Accident Insurance v. Reid

The life-insurance policy sued on lapsed for nonpayment of premiums, on May 13, 1935. In the latter part of July, or the first part of August, 1935, the insured sent a money order for $10.80, to the company, receipt of which was acknowledged on August 3, in which letter it was stated: “It will be necessary to revive this business; and we would like to have your street address, so that we can have some one see you personally.” This letter was returned by the post-office, undelivered. The money order was placed in the insurer’s safe, and was not cashed until after the death of the insured. On…