Legal Opinion
Metropolitan Life Insurance v. Tesauro
New Jersey Court of Chancery
Decided May 12, 1923PublishedCited by 9 opinions
On final hearing.
1Opinion of the Court
Backes, V. C.
This matter comes before me on the pleadings and an agreed state of facts. The Metropolitan Life Insurance Company issued a policy on the life of Domenico Tesauro for $3,000, payable at his death to his mother, Maria D. Tesauro. The policy contained the following provision:
*638“This policy is written with the right of the insured to change the beneficiary. When such right has been reserved, and if there be no written assignment of this policy on file with the company, the insured may [while the policy is in force] designate a new beneficiary, with or without reserving right of change…
2Cited by9 opinions
- Cronbach v. Aetna Life Ins. Co.Tennessee Supreme Court · 1925
- United States v. BurgoCourt of Appeals for the Third Circuit · 1949
- Prudential Insurance Co. v. MantzNew Jersey Court of Chancery · 1941
- Gerhard v. the Travelers Ins. Co.New Jersey Superior Court Appellate Division · 1969
- Strohsahl v. EQUITABLE LIFE ASSUR. SOC'Y. OF USNew Jersey Superior Court Appellate Division · 1962
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