Gustin v. Sun Life Assur. Co.

ALLEN, Circuit Judge.

The principal question presented in this appeal is the validity under Ohio law of certain insurance loan agreements which provided that compound interest should be *448paid on interest due under the policy loans. Appellant, an administrator, sued to recover on a policy of insurance issued on the life of his decedent, claiming that at the time of the death of the decedent the policy was in force as extended insurance in the amount of $3,803, The decedent had received various sums from the insurance company in eight policy loans which were made from 1931 to 1938 inclusive. The…