Mandego v. Centennial Mutual Life Ass'n

The policy states that it was issued “in consideration of the representations and agreements made in the application therefor, and the sum of fourteen dollars in hand paid, and the further sum of three dollars and fifty cents to be paid on the first day of October,in each year hereafter.” It is further stated in the policy that it is “issued by the association and accepted by the assured upon the following express conditions and agreements.” There is no provision in the policy providing that a failure to pay the annual dues on the first day of October in each year should render the policy…