Blank v. London Guarantee & Accident Co.

Opinion by

Linn, J.,

Plaintiff has judgment for want of a sufficient affidavit of defense in his suit on a credit insurance policy. He was insured during 1924 .against loss up to $5,000, resulting from his debtors ’ insolvency as defined in the policy. In adjusting the insurer’s liability the policy provided for the deduction from the aggregate net loss of 25% as co-insurance, and certain other sums which need not now be specified. Suit was brought after the expiration of the term. Plaintiff declared that he had suffered losses on three accounts, referred to here briefly as the Keystone…