Rome Industrial Insurance v. Eidson

1. Where a policy of insurance contained the provision, “Should this policy become void in consequence of non-payment of premium, it may be revived, if not more than fifty-two premiums are due, upon payment of all arrears and the presentation of evidence satisfactory to the company of the sound health of the insured,” the insured acquired a contract right to revive the policy, after a lapse, upon complying with the conditions. Upon compliance with such conditions the insurer is bound to act with reasonable promptness and fairness in passing upon the application, and to notify the insured of…