Castel v. First States Life Co.

BROWN, Justice.

This is a typical mutual assessment insurance suit.

It appears that Dr. S. B. Miller, now deceased, on April 1st, 1935, secured a policy of insurance from Old American Life Insurance Company, a mutual assessment insurance corporation. The amount of insurance provided for was $5,000, but the contract is so worded that there could never be any guarantee that such a sum would be realized, when the claim matures. The premium provided for was $7.50 a month, with provision for other and further assessments.

On September 11th, 1935, the above named insurer, by written contract, sold one…