Elkhart Mutual Aid, Benevolent & Relief Ass'n v. Houghton

The appellee’s complaint counts upon two certificates of membership issued by the appellant. These certificates are in legal effect policies of insurance upon the life of James Mitchell. In many respects certificates such as these are governed by the same rules as those which prevail in cases of ordinary contracts of insurance. The reasons which support the rule that a stranger can not take out a policy on a life in which he has no insurable interest, apply quite as forcibly to contracts of insurance issued by mutual aid societies, as to those issued by ordinary insurance companies. The evils…