Penn Mutual Life Insurance v. Forbes
Appellate Court of Illinois
Appeal from the Circuit Court of Carroll county; the Hon. Oscar E. Heard, Judge, presiding. Heard in this court at the October term, 1915.
1Opinion of the Court
Mr. Presiding Justice Niehaus
delivered the opinion of the court.
4. Compromise and settlement, § 16*—when acceptance of settlement by minor presumed. In the case of minors where a voluntary settlement is made for their benefit, an acceptance is presumed. 5. Insurance, § 175*—when assignment of policy valid. Where the insured executed in duplicate an assignment of a policy, payable to her estate, to her minor children, and sent a copy of such assignment to the insurance company, which was accepted by it, and retained the policy in her possession until her death, held such assignment was valid…
2Cited by2 opinions
- Montgomery v. Locomotive Engineers Mutual Life & Accident Ins.Wyoming Supreme Court · 1934
- Turner v. Prudential InsuranceSupreme Court of Kansas · 1939