Missouri State Life Insurance v. Ross

Kirby, J.,

(after stating the facts). Appellant insists that the insurance company, under the policy and application therefor, upon default in the payment of premiums without any further written request for “automatic premium loan” had the right to charge the delinquent premiums against the insured as such “automatic premium loans,” and, having done so, even if it had no such right without the written request, its action having been acquiesced in by the insured, the beneficiary was thereafter precluded from recovering anything under the lapsed policy upon the theory that, if it had issued…