Chelsea-Wheeler Coal Co. v. Marvin

The opinion of the court was delivered by

Heher, J.

The proceeds of a life insurance policy are payable to the beneficiary in monthly installments under a clause providing that neither the beneficiary nor the assignee “shall have power of commutation, alienation or assignment of the installments,' or any of them, unless by the written permission of the insuredand the essential questions for decision are whether the contract was made in this state, and therefore governed by our laws, and, if so, whether the provision against assignment of the installments is enforceable. It seems to be con ceded…