Harris v. New York Life Insurance

The Chancellor :

This case is before the court on exceptions to the defendant’s answer to the complainant’s bill. On October 16th, 1918, the New York Life Insurance Company issued a policy for $5,000. on the life of one John E. Harris, the complainant. On August 15th, 1939, the policy lapsed for failure of Harris to pay the premium due thereon on July 16th of that year. The policy, among other things, provided:

“Reinstatement.—At any time within five years after any default, upon written application by the Insured and upon presentation at the Home Office of evidence of insurability satisfactory…