MacIntyre v. Cotton States Life Insurance
Supreme Court of Georgia
Insurance. Interest. Loans. Evidence. Construction. Contracts. Rescission. Fraud. Laches. Before Judge G-ustin. Bibb superior court.
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Insurance. Interest. Loans. Evidence. Construction. Contracts. Rescission. Fraud. Laches. Before Judge G-ustin. Bibb superior court. May term, 1888. On October 6th, 1885, A. T. MacIntyre brought suit against the Cotton States Life Insurance Company on an endowment policy of insurance issued to him January 24th, 1870, alleging as follows : During the fifteen years in which the policy had run, he regularly paid the premium thereon and complied with all the obligations imposed upon him by it. By the terms of the policy, ten thousand dollars became due to him on January 24th, 1885, at which time…
1Opinion of the Court
Bleckley, Chief Justice.
According to the terms .of the policy, the company insured the life of MacIntyre in January, 1870, for $10,000, payable at the expiration of fifteen years, or at his death in the event of his dying before that period expired. The consideration of the contract was “ an annual premium of $786.60, to be paid on the 24th of January in each and every year for fifteen years next succeeding the date of this policy or during its continuance ; which annual premium is to be paid in the manner following : An annual loan of $368, and a cash annual premium of $368.60, to be paid on…
2Cases cited2 opinions
- Mutual Benefit Life Insurance v. RuseSupreme Court of Georgia · 1850
- Cotton States Life Insurance v. CarterSupreme Court of Georgia · 1880
3Cited by6 opinions
- State Mutual Life Insurance v. ForrestCourt of Appeals of Georgia · 1917
- Forman v. Mutual Life InsuranceCourt of Appeals of Kentucky · 1917
- Penn Mutual Life Insurance v. MarshallCourt of Appeals of Georgia · 1934
- State Mutual Life Insurance v. ForrestCourt of Appeals of Georgia · 1917
- Combes v. Northwestern Mutual Life InsuranceSupreme Court of Georgia · 1934
1 more not listed; retrieve them via the Exa API.