Republic Life Ins. Co. v. Craige

The plaintiff in error, hereafter referred to as defendant, on March 5, 1937, issued its policy of insurance on the life of Garland G. Hensley, naming defendant in error, hereafter referred to as plaintiff, as beneficiary therein. The policy contained the following provision:

“Should this policy lapse it may be reinstated at any time upon presentation of evidence of insurability satisfactory to the company and upon payment of all premium arrears with interest at six (6%) per cent, and the payment on reinstatement of any other indebtedness to the company on account of this policy.”

On June 5,…