Cruze v. Life Ins. Co. of Virginia

McCALEB, Judge.

This suit was brought by the beneficiary of three certain policies of insurance issued by the defendant company on the life of Napoleon A. Karispee in which she claims that she is entitled to recover the face amount of the obligations totaling $750. She charges that, while the policies lapsed in the year 1928 by reason of the nonpayment of premiums, the reserves on them, which the defendant was required to accumulate in conformity with Act No. 193 of 1906, were sufficient to extend full coverage thereunder to the date of the insured’s death in 1930.

The insurer admits the…