Johnson v. Life Ins. Co. of Virginia

JANVIER, Judge.

This is a suit on a policy of life insurance. On December 11, 1933, the policy lapsed because of nonpayment of premiums. The insured died on February 17, 1935. The policy, originally issued in 1902, had lapsed in 1919 and had been reinstated by defendant company.

Act No. 193 of 1906, enacted nearly four years after the policy had been originally issued, provides, in part, that:

“No policy of life or endowment insurance (other than a term policy for twenty years or less) issued by any legal reserve life insurance company on or after January first, nineteen hundred and seven, after…