Provident Savings Life Assurance Society of New York v. Oliver

JAMES, Chief Justice.

—The facts which in our opinion are decisive of this case, without reference to other facts, are as follows:

A. M. Lawson was appellant’s local agent to solicit insurance, take applications, deliver policies, and collect premiums.

The policies delivered by him on behalf of appellant to I. H. Oliver, upon the latter’s life, being the policies in question, were delivered by him as effective insurance policies from the date of delivery.

The policies contained provisions as follows: “This policy does not go into effect until the first premium hereon has been actually paid during…