Blackman v. Praetorians

Appellees (heirs of Kaufman) concede, as does the present majority opinion, that the Kaufman assignment was not tantamount to a change of beneficiary;1 yet asserting in common that a vested right passed to the assignee which descended to his heirs. The fallacy of such conclusion may be demonstrated by application of a well settled rule of law to the policy contract of which the Company by-laws and Constitution are a part: “In accordance with the general principle prevailing as to assignees of nonnegotiable choses in action, an as-signee of an insurance policy as a general rule acquires no…