Grigsby v. Russell
Supreme Court of the United States
CERTIORARI TO THE CIRCUIT COURT OF APPEALS FOR THE SIXTH CIRCUIT. The facts are stated in the opinion. A life insurance policy, taken out in good faith by the insured, with no idea of assigning it, payable to his “executor, administrator or assigns,” can afterwards, in good faith, and for a valuable consideration, with the knowledge and assent of the insurer, be sold and assigned to. one who has no insurable interest in the life of the insured; and such assignee, after he…
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CERTIORARI TO THE CIRCUIT COURT OF APPEALS FOR THE SIXTH CIRCUIT. The facts are stated in the opinion. A life insurance policy, taken out in good faith by the insured, with no idea of assigning it, payable to his “executor, administrator or assigns,” can afterwards, in good faith, and for a valuable consideration, with the knowledge and assent of the insurer, be sold and assigned to. one who has no insurable interest in the life of the insured; and such assignee, after he had bought a policy, caking an absolute assignment thereof, and in good faith, with the knowledge and consent of the…
1Opinion of the CourtJustice Holmes
This is a bill of interpleader brought by an insurance company to determine whether a policy .of insurance issued to John C. Burchard, nojv deceased, upon his life, shall be paid to his administrators or to an assignee, the company having turned the amount into court. The material facts, are that after he had' paid two premiums and a third was overdue, Burchard, being in want and needing money for a surgical operation, asked Dr. Grigsby to buy the policy and sold it to him in consideration of one hundred dollars and Grigsby’s undertaking to pay- the premiums due or to become due; and that…
2Cases cited7 opinions
- New York Mutual Life Insurance v. ArmstrongSupreme Court of the United States · 1886
- Insurance Co. v. NortonSupreme Court of the United States · 1878
- Warnock v. DavisSupreme Court of the United States · 1882
- Connecticut Mutual Life Insurance v. SchaeferSupreme Court of the United States · 1877
- Insurance Co. v. BaileySupreme Court of the United States · 1871
2 more not listed; retrieve them via the Exa API.
3Cited by151 opinions
- Griffin v. McCoachSupreme Court of the United States · 1941
- Sun Life Assurance Company of Canada v. Imperial Premium Finance, LLCCourt of Appeals for the Eleventh Circuit · 2018
- Lumber Underwriters of NY v. RifeSupreme Court of the United States · 1915
- PHL Variable Insurance v. Price Dawe 2006 Insurance Trust Ex Rel. Christiana Bank & Trust Co.Supreme Court of Delaware · 2011
- Cook v. CookCalifornia Supreme Court · 1941
146 more not listed; retrieve them via the Exa API.