Equitable Life Assur. Soc. v. McCarty's Committee

Opinion op the Court by

Sims, Commissioner

—• Reversing.

On. June 1, 1929, the Equitable Assurance Society of the United States, hereinafter referred to as the Equitable, issued to the Consolidation Coal Company, hereinafter referred to as the' Company, a group life insurance policy whereby it insured such employees of the Company who had elected, or should in the future elect, to become insured against loss of life, or in lieu of loss of life total permanent disability, while in the employ of the Company. This policy is what is known as contributory group insurance, since each employee…