New York Life Insurance v. Hardison
Massachusetts Supreme Judicial Court
Two petitions, filed in the Supreme Judicial Court for the county of Suffolk December 26, 1907, under St. 1907, c. 576, § 75, seeking a review of the action of the insurance commissioner in refusing to approve forms of policies for life insurance which the petitioners had filed with him. The first petition was reserved by Morton, J., upon the petition and answer for the consideration of the full court.
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Two petitions, filed in the Supreme Judicial Court for the county of Suffolk December 26, 1907, under St. 1907, c. 576, § 75, seeking a review of the action of the insurance commissioner in refusing to approve forms of policies for life insurance which the petitioners had filed with him. The first petition was reserved by Morton, J., upon the petition and answer for the consideration of the full court. The second petition was heard before Hammond, J., who made a decree that the form of policy submitted by the petitioner complied with St. 1907, c. 576, § 75, cl. 8, 10, with regard to the table…
1Opinion of the CourtKnowlton, C. J.
These are petitions under the St. 1907, c. 576, § 75, for a review of the action of the insurance commissioner in refusing to approve forms of policies for life insurance, filed with him by the petitioners, respectively. Certain preliminary questions that arise in each case are the same as arose and were decided in Ætna Life Ins. Co. v. Hardison, ante, 181.
In the first of these cases the form of policy provided for a grace of one month for the payment of every premium after the first. The St. 1907, c. 576, § 75, sub-sec. 1, provides for a grace of thirty days. A grace of one month is not the…
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