Gulf Life Insurance Co. v. Yearta

1. The evidence failed to show any custom on the part of the insurer to accept premium payments after the time they were due under the policy that would constitute a waiver of the provision of the contract which caused the policy to lapse because of non-payment of premiums within the time specified in the policy.

2. The agent to whom the premiums were paid was not one coming within the description of those designated by the provision of the policy as authorized to modify or reinstate the policy if lapsed, or to extend the time of payment of a premium, and the policy expressly provided that "no…