Ronald v. Mutual Reserve Fund Life Ass'n
New York Circuit Court
Agnes Ronald sued upon a certificate of insurance issued by the Mutual Reserve Fund Life Association upon the life of George Ronald, and made payable to plaintiff, which contained a stipulation that upon failure to make the payments thereon when they were due the certificate should be void, and all payments made thereon be forfeited to the company.
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Agnes Ronald sued upon a certificate of insurance issued by the Mutual Reserve Fund Life Association upon the life of George Ronald, and made payable to plaintiff, which contained a stipulation that upon failure to make the payments thereon when they were due the certificate should be void, and all payments made thereon be forfeited to the company. One I-Iardenburg presented to defendant on September 26, 1884, the amount due August 21,1884, for which defendant gave a receipt, stating that, the payment not having been made when it was due, it was accepted only on condition that the insured was…
1Opinion of the CourtBarrett, J.
By the failure to pay the dues, $10, on or about August 21, 1884, the policy became null and void, and all previous payments made thereon were forfeited to the company. The contract of life insurance was then at an ■end. This was the situation when Mr. Hardenburg went to the office of the company on September 26, 1884, and paid the $10 so due on the 21st of the preceding August. Mr. Hardenburg was bound to know that a reinstatement of the policy on September 26th depended upon tlie will of the company, and accordingly he should have examined the instrument given to him at the time of payment.…
2Cited by3 opinions
- Feder v. BANKERS NAT'L LIFE INS. CO.New Jersey Superior Court Appellate Division · 1967
- Marshall v. Women's Mutual InsuranceThe Superior Court of the City of New York and Buffalo · 1890
- McGowan v. Supreme Council of Catholic Mutual Benefit Ass'nNew York Supreme Court · 1894