Coker v. Aetna Life Ins. Co.

The opinion of the Court was delivered by

Mr. Justice; Bonham.

This action grows out of the issuance by insurance companies of a form of policies known as group policies, by which certain corporations undertook to provide insurance for their employees at a reasonable rate. Unfortunately, these generous intentions of the corporations did not prove to be always beneficial to the employees but did, usually, entail loss on the corporations.

In 1927, Pacific Mills procured from Aetna Life Insurance Company its Policy No. 3662, by the terms of which the mills were authorized to- issue to' employees…