Page v. Bell

A mutual benefit association issued to one of its members an endowment policy of insurance upon the life of the member, in which a named person was made beneficiary. The policy contained the provisions, among others: (a) that the policy should not be transferred prior to the death of the insured, without the consent of the association; (5) that there should be faithful compliance with all the stipulations in the policy “and laws of the endowment bureau and subordinate lodge.” One of the laws of the association was as follows: “A member who is in good standing may at any time, should his…