Powell v. Equitable Life Assur. Society of the United States

The opinion of the Court was delivered by

Mr. Chirr Justicr BrRasr.

The appellant issued and delivered to Einited States Rubber Company a group policy of insurance on the lives of its employees, which included employees of Winnsboro Mills, a subsidiary corporation of United States Rubber Company. The premiums were payable by the Rubber Company, and there is no question here as to their prompt payment at all times. An insured employee contributed from his or her wages a proportionate part of the premiums. The insurance carried on his or her life was only to be of force and effect while the…