Stubbs v. Bankers Life Ass'n

This cause was submitted to the court below on an agreed statement of facts. Among the facts so agreed on, essential to a determination of the question presented by the record before us, are the following: Appellee, The Bankers Life Association, is an Iowa corporation authorized to do an assessment life insurance business. It is not organized for pecuniary profit, it has no capital stock, and depends on assessments paid by its members for the settlement of death losses. The appellee was admitted to do business in Indiana prior to May 8, 1908, and on said date issued a certificate of…