Levy v. Massachusetts Accident Co.

On March 31st, 1933, defendant insurance company issued to complainant a policy of disability insurance covering the "term of twelve months beginning on the 31st day of March, 1933, at twelve o'clock noon," in consideration of a premium of $196.35. The policy contained the provision that the insured should have the "right to continuously renew this policy from year to year upon payment of the premium on or before the anniversary date," (until he arrives at age 60).

The policy further provides that "all premiums hereunder are payable on or before the specified dates, at the Home Office of the…