In re People
Appellate Division of the Supreme Court of the State of New York
Appeal by the American Life Society of New York from an order of the Supreme Court, made at the Kings Special Term and entered in the office of the clerk of the county of Kings on the 25th day of January, 1922, resettling a former order of the court dated the 8th day of March, 1921.
1Opinion of the Court
Jaycox, J.:
The National Temperance Life Insurance Society is a fraternal benefit society, organized and authorized to do business under article 7 of the Insurance Law of the State of New York, It commenced business on September 11, 1914. The society was examined by the Insurance Department as of December 31, 1917. It was found that the insurance reserves of the society had been impaired by using the benefit funds for expenses. This shortage was made good by the officers and directors. On December 31, 1919, the National Temperance Life Insurance Society, pursuant to a contract providing for…
2Cases cited3 opinions
- In Re the Equitable Reserve Fund Life Ass'nNew York Court of Appeals · 1892
- Consider Parish v. New York Produce ExchangeNew York Court of Appeals · 1901
- National Park Bank v. ClarkAppellate Division of the Supreme Court of the State of New York · 1904