McMaster v. New York Life Insurance
Supreme Court of the United States
CERTIORARI TO THE CIRCUIT COURT OF APPEALS FOR THE EIGHTH CIRCUIT. • This was an action brought by Fred A. McMaster, administrator of the estate of Frank E. McMaster, deceased, against the New York Life Insurance Company on five policies of insurance of one thousand dollars each, upon the life of Frank E. Mc-Master.- The applications were dated December 12, and the -policies December 18, 1893. The premiums for a year in advance were paid, and the policies delivered December…
Read the full summary
CERTIORARI TO THE CIRCUIT COURT OF APPEALS FOR THE EIGHTH CIRCUIT. • This was an action brought by Fred A. McMaster, administrator of the estate of Frank E. McMaster, deceased, against the New York Life Insurance Company on five policies of insurance of one thousand dollars each, upon the life of Frank E. Mc-Master.- The applications were dated December 12, and the -policies December 18, 1893. The premiums for a year in advance were paid, and the policies delivered December 26, 1893. McMaster died January 18,1895, and the defence was- that the insurance had been forfeited by failure in…
1Opinion of the CourtChief Justice Fuller
By the payment of the annual premiums in advance and the delivery of the policies, McMaster’s life became insured in the sum of five thousand dollars.
The contracts were not assurances for a single year, with the privilege of renewal from year to year on payment of stipulated premiums, but were entire contracts for life, subject to forfeiture by failure to perform, the condition subsequent of payment as provided ; or to conversion in 1913 at the election of the assured. Thompson v. Insurance Company, 104 U. S. 252; New York Life Insurance Company v. Statham, 93 U. S. 24.
The contention of the…
2Cases cited8 opinions
- Thompson v. Phenix InsuranceSupreme Court of the United States · 1890
- National Bank v. Insurance Co.Supreme Court of the United States · 1878
- New York Life Insurance v. StathamSupreme Court of the United States · 1876
- Thompson v. Insurance Co.Supreme Court of the United States · 1881
- Continental Life Insurance v. ChamberlainSupreme Court of the United States · 1889
3 more not listed; retrieve them via the Exa API.
3Cited by149 opinions
- Metzger v. . &198tna Ins. Co.New York Court of Appeals · 1920
- Columbian Nat. Life Ins. Co. v. BlackCourt of Appeals for the Tenth Circuit · 1929
- Glens Falls Insurance Co. v. MichaelIndiana Supreme Court · 1905
- Hope Spoke Co. v. Maryland Casualty Co.Supreme Court of Arkansas · 1912
- MacDonald v. Metropolitan Life InsuranceSupreme Court of Pennsylvania · 1931
144 more not listed; retrieve them via the Exa API.