American Life Ins. Co. v. Moynahan

This is an action to cancel an insurance policy issued by the American Life Insurance Company upon the life of Doc Nixon, whose death occurred within less than one year from the issuance of the policy. The insurance company brought the suit to cancel the policy upon the ground that the insured committed suicide, in which contingency there could be no recovery, as stipulated in the policy. The beneficiaries reconvened, and, upon a jury finding that the insured did not commit suicide, recovered judgment for the amount of the policy, with interest, penalty, and attorneys’ fees. The company…