United States v. Arzner

WILBUR, Circuit Judge.

During the life of a $10,000 war risk insurance policy the insured, Clarence P. Arzner, appellee, was totally and permanently disabled. Premiums were paid therefor until January, 3919*. On March 1, 3920, the insured reinstated and converted Ms insurance to an ordinary life contract upon which he paid the premiums. On February 28, 3921, plaintiff requested that this policy be reduced to $5*000, and that he be paid tho cash surrender value for the $5,000 insurance which he discontinued. In pursuance of this request he was paid $45.20, representing tho cash surrender value…