Prince v. Western Empire Life Insurance Company

ELLETT, Justice:

This case involves the question of how effective is a “binding receipt” in the State of Utah.

On September 19, 1960, Doctor Robert Alpine Prince, a 37-year-old dentist, the husband of the plaintiff herein, filed an application with the defendant for an insurance policy on his life in the amount of $100,000. He paid the premium thereon for one year in advance and received a slip of paper known as a binding receipt. This slip of paper, after reciting that the money had been received, contained the following language:

In connection with an application (bearing the same date and…