Missouri State Life Insurance v. Bozeman

I am unable to concur in the majority opinion in this case. The whole question presented for determination in this ease is whether on the date of January 38, 1933, the actual cash value of the policy equalled the amount of the loan then due. As was held by this court in the case of Hammond v. Volunteer State Life Insurance Co., 47 Ga. App. 472: "The stipulation in the paid up policy of life insurance and the loan agreement, providing for what amounted to a method of foreclosure after the prescribed notice, by cancellation of the policy and the application of its value to payment of the loan…