Independent Life Ins. Co. v. Knight

R. C. Knight, the plaintiff below, .recovered a judgment against the Insurance Company, the defendant below, for $1000, the face of the policy, together with $3.65 interest, and $250 penalty. The .policy sued on was issued on the 14th of August, 1923, upon the life of Laura C. Knight, wife of the plaintiff below.

Mrs. Knight died November 23, 1924. Suit was instituted March 9, 1925. The defendant filed pleas making the following defenses:

“(1) The general issue. '

“ (2) That under Condition II of the policy, a grace of thirty (30) days was allowed for the payment of premiums; that the last…