Etheridge v. Woodmen of the World Life Insurance Society

On Motion fob Rehearing.

Bell, Presiding Judge.

On the subject of the case sub judice an extensive annotation may be found at 2 ALR2d 943, 964. A majority of the cases decided since 1940 have held that where a receipt is issued to an applicant for life insurance purporting to effect immediate coverage if the company approve the application or if the company be satisfied as to the applicant’s insurability, a binding contract for interim insurance exists prior to the company’s approval of the application or determination as to its satisfaction. For cases which have expresssed a modern view of…