Reed v. Travelers Insurance

A policy .of accident insurance was taken out by Stephen Reed (a fireman on a locomotive engine) with the Travelers Insurance Company. On November 20, 1899, the policy was issued in accordance with his application and with the terms of an order for money, given by him on the paymaster of the railroad company by which he was employed. The policy contained the following clauses: “ The payments directed in the order or assignment are premiums for separate and consecutive periods of two, two, three, and five months, and each is to apply only to its corresponding insurance period. All claims for…