Angulo v. Security Mutual Life Insurance

At issue on this appeal is the applicability of Insurance Law former § 151 to two life insurance policies that were in effect for less than three years and which provided for monthly payment of premiums. The insured died on January 10,1979, less than a year after he had defaulted on his premium payments and the defendant, which did not give the notice of lapse provided for in Insurance Law former § 151, now argues that the section was not applicable to the policies involved here.

Relevant to our disposition of the case is the fact that at its 1984 session the Legislature recodified the…