Scott v. Federal Life Insurance

I dissent. I discover here no basis for a *395holding of waiver or estoppel on the part of the insurance company.

So far as concerns irregular and late payment of premiums, it appears that the application for the policy authorizes the company to charge any unpaid premium as a loan against the policy and the policy itself says that if any premium be not paid within the period of grace the company will charge same against the policy as a loan provided the loan value specified on the fifth page of the policy is sufficient to cover such loan. When the company charged any delinquent premium against…