Presbyterian Mutual Assurance Fund v. Allen

The appellant is a mutual benefit association incorporated by the Legislature of Kentucky. Its object, as the charter declares, is “ to create and provide a beneficiary fund for the families or relations of deceased members, or for the benefit of members in sickness.” The appellee’s complaint is based upon a certificate of membership procured ¡from the corporation by William G. Allen in his lifetime.

The certificate, although issued by a mutual benefit association, is, in legal contemplation, a policy of insurance, and is in most respects governed by the general rules of law which apply to…