Gibson v. Reliance Life Insurance Co.

The opinion of the Court was delivered by

Mr. Justice Stabler.

The facts out of which this action arose are as follows: On July 14, 1931, the defendant company insured the life of one J. P. Gibson, in the sum of $500.00. The policy provided that the insurance, at the death of the policyholder, be paid to his mother, Mrs. Margaret L. Gibson, and contained the following clause: “Self destruction during the first policy year, whether the insured be sane or insane, is a risk not assumed by the company, but in such case the company will return in full all premiums actually received.”

Gibson died on…