Legal Opinion
Jones v. Mutual Life Ins. Co.
Supreme Court of Alabama
Decided April 28, 1927No. 3 Div. 773PublishedCited by 5 opinions
1Opinion of the CourtSomerville, J.
In Penn Mut. Life Ins. Co. v. Bancroft, 207 Ala. 617, 93 So. 566, 28 A. L. R. 1102, the insured had borrowed money from the company, and pledged his policy as security therefor. Under the loan agreement the policy was assigned and transferred to the company, and was in fact delivered to it, and it was provided that —
“If at any. time the entire indebtedness evidenced by this certificate, together with any other indebtedness to the company on said policy, shall equal or exceed its loan value the company’s liability under said policy shall terminate upon compliance by the company with the…
2Cases cited6 opinions
- Palmer v. Mutual Life InsuranceSupreme Court of Minnesota · 1911
- Travelers' Ins. Co. v. LazenbyAlabama Court of Appeals · 1918
- Penn Mut. Life Ins. Co. v. BancroftSupreme Court of Alabama · 1922
- Stevens v. . Mutual Life Ins. Co.New York Court of Appeals · 1920
- Clare v. . Mutual Life Ins. Co.New York Court of Appeals · 1911
1 more not listed; retrieve them via the Exa API.
3Cited by5 opinions
- Equitable Life Assur. Soc. v. BrandtSupreme Court of Alabama · 1940
- Hammond v. Volunteer State Life InsuranceCourt of Appeals of Georgia · 1933
- Smith v. Penn Mut. Life Ins. Co.Supreme Court of Alabama · 1943
- Missouri State Life Insurance v. BozemanCourt of Appeals of Georgia · 1934
- Smith v. Penn Mut. Life Ins. Co.Supreme Court of Alabama · 1943