First Texas Prudential Insurance v. Ryan

Mr. Presiding Judge RYAN

delivered the opinion of the Commission of Appeals, Section B.

The trial court’s findings of fact, approved by the Court of Civil Appeals, are substantially as follows:—

On September 20, 1927, plaintiff in error issued to defendant in error, Lee Ryan, aged 24, a life insurance policy in the sum of $1,000.00, naming Mary Ryan, his mother, as beneficiary, same being a twenty-year payment life policy with annual premium of $24.19, payable annually, semi-annually, quarterly or monthly. It contained a rider providing, among other things, that if no premium is in default and…