Jacobson v. Equitable Life Assurance Society of United States

In Ginsburg v. Equitable Life Assurance Society (254 App. Div. 445) the Appellate Division in this department, following its previous decision in Klein v. Equitable Life Assurance Society (248 App. Div. 720, affg. 162 Misc. 115; leave to appeal to the Court of Appeals denied, 273 N. Y. 678), decided that under a non-cancelable accident and health policy, renewable from year to year by payment of premium in advance, each renewal of the policy by the payment of an additional premium constitutes a new contract and that the insured may recover indemnity for the full term contracted for in the…