Wabash Valley Protective Union v. James

The appellant is a mutual life insurance corporation organized under the laws of this State. It issued a joint policy of insurance upon the lives of ITugh B. and Annie M. James, in the sum of $3,000. By its terms, the insurance money was payable to the survivor in the event of the death of either of the assured.

Annie M. James died, and the appellee made due proof of her death, and demanded payment of the policy. The appellant made an assessment upon its policy-holders and collected money with which to pay said policy. A controversy arose between the appellant and appellee as to the amount…