Legal Opinion
Hand v. Equitable Life Assurance Society of United States
Appellate Division of the Supreme Court of the State of New York
Decided June 11, 1937PublishedCited by 4 opinions
1Opinion of the CourtO’Malley, J.
The plaintiff sues as assignee of the beneficiary-under a policy of life insurance. The question presented is whether a default occurred by reason of failure to pay a premium on the date set for its payment or at the expiration of the grace period.
After payment of four annual premiums, default was made in the payment of the annual premium for the fifth year, due May 14, 1935. Prior to such time the defendant had advanced to the insured on the security of the policy the sum of seventy dollars, which was equal to its cash surrender value.
As of May 14, 1935, the date set for the payment of the…
2Cases cited1 opinion
- Hepner Marek v. Mutual Life InsuranceAppellate Division of the Supreme Court of the State of New York · 1935
3Cited by4 opinions
- Loss v. Mutual Life Insurance Co. of New YorkDistrict Court, S.D. New York · 1963
- Hubschman v. Mutual Insurance Co. of New YorkMunicipal Court of The Virgin Islands · 1974
- Hand v. Equitable Life Assurance Society of United StatesNew York Supreme Court · 1937
- Jimenez v. Occidental Fire & Casualty Company of North CarolinaDistrict Court, E.D. New York · 2023