Smith v. Independent Order of Foresters

In 1897 the plaintiff herein became a member of the Independent Order of Foresters, a mutual benefit fraternal insurance order, and the holder of a $2,000 benefit certificate or policy. In 1908 the plaintiff was required to pay an additional premium on his policy of $2.82 per month; but provision was made whereby these additional premiums might be borrowed from the order at four per cent, interest. The plaintiff elected to borrow the accruing premiums, and, with the interest thereon, they became a charge against his benefit certificate.'

In 1913 the defendant again readjusted its rates by…