Gadd v. Equitable Life Assur. Soc.

WHEELER, District Judge.

The policy in question was made subject to provisions as a part of the contract:(1) That this policy is issued’ under the tontine savings fund plan, the particulars of which are as follows: (2) That the tontine dividend period for this policy shall be completed on the 15th day of May in the year eighteen hundred and ninety-nine. (4) That all surplus or profits derived from such policies on the tontine savings fund assurance plan as shall not be in force at the date of the completion of their respective tontine dividend periods shall be apportioned equitably among such…