Laub v. Furnas County

The inquiry is whether or not the right of plaintiff (appellee), never exercised, to demand of the State Life Insurance Company the sum of $6,895, in full settlement of the policy on his life, is “property” or“credit” and, as such, taxable under the laws of the state.

Sections 6335-6337, Rev. St. 1913, provide that the state board of equalization and assessment shall annually prepare a schedule, which should contain a full list of the various forms of personal property liable to assessment. The schedule prepared makes no mention of insurance policies as an item for assessment. It has never…