Miraldi v. Life Insurance Co. of Virginia

Defendant,. The Life Insurance Company of Virginia, appellant herein and hereinafter called the Company, issued a policy of life insurance on the life of one Grover L. Young. Monthly premiums of $10.91 were due on or before the 19th day of each month. The policy contained a clause to the effect that the policy would lapse in default of payment of any premiums when due, or within a period of grace of thirty-one days thereafter. Premium payments were made up to and including April 19, 1962, causing the policy to be in effect, until midnight of June 19, 1962. On June 19, 1962, a check signed by…