Bilbro v. Jones

Mrs. Bilbro brought suit against T. R. Jones for money had and received to her use. Upon the trial it appeared that her husband, Charles R. Bilbro, had issued on his life a policy of life-insurance, in which she was named as the *162sole beneficiary, and that it contained the following stipulation: “This policy is issued and accepted upon express conditions, that the said Charles R. Bilbro' may, with the consent of the company, at anjr time assign it, or before assignment change the beneficiaries therein, or make any other change. No assignment, however, shall take effect until written notice…