Rivers v. Provident Indemnity Life Insurance

The single question presented for determination is whether the court erred in directing a verdict for the defendant, and from a consideration of the evidence which has been set forth in the foregoing statement of fact, we think that it did. Under the terms of the contract of insurance premiums were payable in advance each Monday. A period of twenty-eight days of grace was allowed on each payment, but failure to make payment of a premium due after the expiration of the grace period automatically effected a lapse of the policy and it was necessary to have the policy formally reinstated. From an…