Southland Life Insurance v. Gatewood

Mr. Judge Hickman

delivered the opinion of the Commission of Appeals, Section A.

Southland Life Insurance Company, plaintiff in error, assumed a policy of life insurance issued to Joe Wilkens Gatewood, defendant in error, by the American Re-Insurance Company. Attached to the policy was a rider providing, in substance, that the company would pay for the insured the premium required on the policy for every policy year following the date of approval by the company of proof that the insured had become totally and permanently disabled. The policy contained an automatic premium loan clause…