Scott v. New York Life Ins. Co.

Plaintiff filed suit on October 26, 1942, demanding payment of the sum of $879.55, representing the aggregate amount of the balance of accrued and unpaid dividends on six policies of life insurance issued by the defendant.

The established facts show that between the dates of March 25, 1917, and April 19, 1923, defendant, New York Life Insurance Company, issued six policies of insurance on the life of plaintiff, John P. Scott. Each policy was issued on the basis of a written application executed by the plaintiff, and each application contained four options regarding disposition of dividends…