Katchmer v. Prudential Insurance Co. of America

Opinion by

Mr. Justice Stern,

John Katchmer, son of plaintiffs, twenty-two years of age, signed a written application to defendant company for a policy of life insurance, and paid to its agent, on account of the first premium, the sum of one dollar, for which he obtained a receipt, the total premium being $14.05. The application provided that “unless the full first premium is paid by me at the time of making this application, the policy shall not take effect until issued by the Company and received by me and the full first premium thereon is paid, while my health, habits and occupation are the…