Lenon v. Mutual Life Insurance
Supreme Court of Arkansas
Appeal from Pulaski Circuit Court; Edward W. Winfield, Judge; Lenon, as administrator of David Reeve, deceased, sued the Mutual Life Insurance Company of New York to recover the surrender value of two policies of life insurance, pne for $5,000 and one for $3,000, which were taken out by deceased in 1882, and on which the last premiums were paid in November, 1890. On June 4, 1902, Reeve sent the policies to the company’s general agents in St. Louis for the purpose of getting…
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Appeal from Pulaski Circuit Court; Edward W. Winfield, Judge; Lenon, as administrator of David Reeve, deceased, sued the Mutual Life Insurance Company of New York to recover the surrender value of two policies of life insurance, pne for $5,000 and one for $3,000, which were taken out by deceased in 1882, and on which the last premiums were paid in November, 1890. On June 4, 1902, Reeve sent the policies to the company’s general agents in St. Louis for the purpose of getting paid-up policies, and they were returned to him with the statement that the policies, having elapsed more than six…
1Opinion of the CourtHill, C. J.
The controlling question of the case is the effect to be given this clause in the policies:
4. “That in consideration of the surrender value promised in the policy and in this application, viz: If this policy shall become forfeited by nonpayment of any premium at any time after three full annual premiums have been paid, the company will, upon the surrender of the policy issued on this application within six months after such forfeiture, issue a non-participating paid up policy for 'such sum as the reserve upon this policy at the time of such forfeiture according to the legal standard of the…
2Cases cited17 opinions
- New York Life Insurance v. StathamSupreme Court of the United States · 1876
- McDonnell v. Alabama Gold Life InsuranceSupreme Court of Alabama · 1888
- Montgomery v. Phoenix Mutual Life InsuranceCourt of Appeals of Kentucky · 1878
- Davis' Admr. v. Chesapeake & O. Ry. Co.Court of Appeals of Kentucky · 1903
- Johnson v. Southern Mutual Life InsuranceCourt of Appeals of Kentucky · 1881
12 more not listed; retrieve them via the Exa API.
3Cited by15 opinions
- Veal v. Security Mutual Life InsuranceCourt of Appeals of Georgia · 1909
- MFA Mutual Insurance Company v. MullinDistrict Court, W.D. Arkansas · 1957
- McEachern v. New York Life InsuranceCourt of Appeals of Georgia · 1914
- Blume v. Pittsburg Life & Trust Co.Illinois Supreme Court · 1914
- Employers' Liability Assur. Corp. v. Jones County Lumber Co.Mississippi Supreme Court · 1916
10 more not listed; retrieve them via the Exa API.