McDonald v. Equitable Life Assurance Society of the United States

Opinion op the Court by

Judge Clay

— Reversing.

In 1921, tbe Equitable Life Assurance Society of tbe United States delivered to tbe Standard Oil Company, Incorporated, in Kentucky, a group insurance policy by wbieb it insured certain employees of tbe company against loss of life or total and permanent disability occurring during tbe employment. At tbat time tbe insurance was all on tbe noncontributory plan; tbat is, tbe Standard Oil Company paid all tbe premiums. In tbe year 1926 tbe Insurance Company and tbe Standard Oil Company amended tbe policy by adding to it a contributory plan under wbieb…