Richmond v. Provident Ins. Co.

DUNKLIN, Chief Justice.

The Provident Insurance Company was incorporated under the provisions of chapter 6, title 78, Rev.Civ.Statutes of 1925 (article 4784 et seq.), for the purpose of transacting the business of accident insurance upon the mutual assessment plan without capital stock. It issued to Edward Ray Elliott a policy of insurance stipulating payment of $1,000 to James E. Richmond, the benficiáry named, in the event of accidental death of the insured, and of $300 in the event of his natural death, with this further provision: “If any claim occurs during the first six months after this…