Columbian Nat. Life Ins. Co. v. Welch

BREWSTER, District Judge.

The plaintiff, a Massachusetts corporation, is engaged in the business of life insurance, with its, principal office in Boston, Mass. In its bill the plaintiff alleges that it has insured one James A. House, a resident of Ohio, by a policy of paid-up life insurance, in an amount of $2,500. A copy of this policy is attached to the bill of complaint. The policy contains the provisions permitting the insured to change the beneficiaries at any time, to borrow money on the security of the policy, and to receive the cash surrender value of the policy. At the present time,…