Great North Woods Club v. Raymond

DENISON, Circuit Judge.

A policy was issued by the insurance company upon the life of Callahan, payable to the Great North Woods Club, as benefieiary. It contained the customary provision that it would be incontestable after two years from the date of issue (September 26,1927). Callahan having died, suit was commenced in a state court in Illinois by the beneficiary against the insurer. Just before the expiration of the two-year period, the insurer filed a bill in an equity court in Illinois, asking that the policy be canceled, and basing equity jurisdiction upon the incontestable clause [the…