New York Life Insurance v. Hartford Accident & Indemnity Co.

Atkinson, Justice.

On October 23, 1929, the New York Life Insurance Company issued to Haddy J. Kiddy a policy insuring his life for the amount of $2500, payable to his mother, Barbara A. Kiddy, “with right on the part of the insured to change the beneficiary.” Attached to the policy as a part thereof was an application for the insurance, signed by the insured, which showed certain representations by answers, to questions propounded to the applicant. Subsequently a paper dated May 24, 1930, was executed, purporting to assign the policy “for value received” to Percy H. Whetstone, and purporting…