Monumental Life Ins. Co., Etc. v. Borders

Opinion op the' Court by

Stanley, Commissioner—

Reversing.

The issue in this ease is whether a life insurance policy was delivered.

On September 2, 1935, the local agent of the appellant took the application of John T. Borders for a $2,-500 policy on his life, the semiannual premium for which was $19.78. Borders paid the agent $5 at the time and was given a receipt, which is of controlling importance as evidencing the conditions of this immediate transaction. The application was accepted and the policy prepared at the home office of the company in Baltimore. It was dated September 6th, and was…