Guaranty Trust Co. v. Continental Life Insurance

— On February 13, 1927, respondent, a stock company, issued to one Osborne Briscoe, in conjunction with a certain magazine, a travel and pedes trian accident policy for a nominal consideration of one dollar paid by the insured, effective for a term of twelve months from the date thereof, and providing for continuance in effect' annually thereafter by resubscribing to the magazine and for an increase in the amount insured with each renewal. On February 16, for the consideration then given, the policy was renewed for another period of one year.

The policy insured Briscoe against—

“. . . death or…