Bankers Reserve Life Co. v. Rice

Opinion by

STEPI-IENSON, C.

This ease involves the question of forfeiture of thp policy sued on herein by the acts of the insured, who was the husband of the plaintiff. The defendant based its claim for forfeiture on the conditions of the policy and a provision for forfeiture contained in notes given by the insured to the defendant in payment of a premium. The provision in the notes reads as follows:

“If this note is not paid at maturity, policy No. 45795 issued by the Bankers Reserve Life Co. of Omaha, Nebc., for which it is_ given, shall be ipso facto null and void, without notice to the maker…