Jones v. Life Ass'n of America
Court of Appeals of Kentucky
Case 12 — PETITION .[ORDINARY APPEAL FROM HICKMAN CIRCUIT COURT. A.n insurance company can not escape the payment of a policy issued by it upon the ground that the insured failed to pay a premium when due, the insured having failed to pay because the company had become insolvent and ceased to do business. (Buckbee v. IJ. S. Insurance, Annuity and Trust Co., Bigelow’s Ins. Rep., 406; Ins.
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Case 12 — PETITION .[ORDINARY APPEAL FROM HICKMAN CIRCUIT COURT. A.n insurance company can not escape the payment of a policy issued by it upon the ground that the insured failed to pay a premium when due, the insured having failed to pay because the company had become insolvent and ceased to do business. (Buckbee v. IJ. S. Insurance, Annuity and Trust Co., Bigelow’s Ins. Rep., 406; Ins. Co. v. Little, The Reporter, volume G, page 262; Attorney-General v. Guardian Mutual Life Ins. Co., Ibid., volume 10, page 603; N. Y. Life Ins. Co. v. Clopton, 7 Bush, 182.) 1. The insurance company, having…
1Opinion of the Court
JUDGE PRYOR
delivered the opinion of the court.
This was an action instituted by the widow and •children of Wood M. Jones, on an insurance policy issued by the Life Association of America,- on the life ■of Jones, for $5,000. The consideration was the annual payment by the insured of $145 and interest, "the premium to be paid on the 4th of March in *76every year during the life of the insured; the' payments to be made at its office in the city of St. Louis, the policy providing- that if failure shall be made in the payment of any sum as stipulated in the policy, then, and in such case, the policy…
2Cited by2 opinions
- Cook v. . PittmanSupreme Court of North Carolina · 1907
- Kentucky Home Life Ins. Co. v. MillerCourt of Appeals of Kentucky (pre-1976) · 1937