Smith v. Equitable Life Assur. Soc. of United States

This is a suit brought by Smith to recover disability benefits under three insurance policies. The company, by answer and cross-bill, denied liability on two of these policies of $5,000 each and sought to have the contracts canceled for misrepresentation and fraud in their procurement; or, more specifically, reinstatements thereof. It was charged that at the very time when the insured made the inducing representations as to his health and physical condition in his application for reinstatement of these policies, which had theretofore lapsed, he was drawing from other companies total and…