Hatfield v. COLONIAL LIFE & ACCIDENT INSURANCE COMPANY

Felton, Chief Judge.

The gravamen of the plaintiff in error’s contention in this case is that he is not bound by the release which he signed on the back of the draft for $500 sent him by the insurance company for the loss of his hand. In the view we take of the case it is immaterial whether the insured signed a formal release or not. The insurance policy provided for exclusive alternative obligations of the company. It obligated the company to pay $500 for the loss of a hand or a larger amount for total disability. It is presumed that the insured knew of the policy provisions and knew that he…