Summers v. Summers

The effect of the statute (section 8445 of the Code) is construed to mean that the insured cannot by contract create a vested right to any extent in a beneficiary of a policy within the operation thereof, and exempts such contracts from the rule permitting an assignment thereof, referred to in the case of McDonald v. McDonald, supra; Slaughter v. Grand Lodge, 192 Ala. 301,68 So. 367. When the policy was procured, it was with the presumed knowledge of the statute. Parker v. Mosaic Templars,212 Ala. 471, 103 So. 65; Mosaic Templars v. Raife, 215 Ala. 159,110 So. 67; Baldwin v. Begley, 185 Ill.…