Pacific Mut. Life Ins. Co. v. Strange

The bill in this ease was filed by an insurer to rescind and cancel for fraud a health certificate of insurance against total permanent disability. The policy was dated November 25, 1929. The bill was filed May 20, 1930, and averred the payment of only the initial annual premium, the amount of which, with interest, was paid into court upon the filing of the bill. The policy is alleged to contain a clause by which “it was non-cancellable for a period of to-wit nineteen years from date of issuance thereof except for the non-payment of premiums.” The bill alleges fraudulent misrepresentations…