Heusner v. Mutual Life Insurance
Missouri Court of Appeals
Appeal from, the St. Louis City Circuit Court. — Hon. Jacob Klein, Judge. (1) A policy of life insurance issued to a person on bis own life for bis benefit, or to a bona fide beneficiary and valid in bis bands, will not lose its validity or obligatory force by reason of its being assigned to one wbo bas no insurable interest in the life of the assured. McFarland v. Creath, 35 Mo. App. 112; Ins. Co. v. Armstrong, 117 U. S. 597; Balter v. Young, 47 Mo. 453; Ins. Co. n.
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Appeal from, the St. Louis City Circuit Court. — Hon. Jacob Klein, Judge. (1) A policy of life insurance issued to a person on bis own life for bis benefit, or to a bona fide beneficiary and valid in bis bands, will not lose its validity or obligatory force by reason of its being assigned to one wbo bas no insurable interest in the life of the assured. McFarland v. Creath, 35 Mo. App. 112; Ins. Co. v. Armstrong, 117 U. S. 597; Balter v. Young, 47 Mo. 453; Ins. Co. n. Brant, 47 Mo. 424; Whitmore y. Knights of Honor, 100 Mo. 36-46. (2) If the company waives the want of insurable interest in an…
1Opinion of the CourtThompson, J.
On February 15, 1873, the defendant insurance company issued a policy of life insurance on the life of James Herron Graham in favor of James Hutchinson Graham. It was a ten-year life policy. James Herron Graham was a son of James Hutchinson Graham, and on August 19, 1876, the latter assigned the policy absolutely to the former. On the' sixteenth of June, 1885, James Herron Graham made an assignment, absolute in form, of the policy to William Sessinghaus, who had previously made some advances of money to the family of Herron, and who also was obliged to pay about $150 to a brother of Herron,…
2Cases cited11 opinions
- New York Mutual Life Insurance v. ArmstrongSupreme Court of the United States · 1886
- Warnock v. DavisSupreme Court of the United States · 1882
- Price v. Supreme Lodge Knights of HonorTexas Supreme Court · 1887
- Keener v. Grand LodgeMissouri Court of Appeals · 1889
- Lewis v. Phœnix Mutual Life InsuranceSupreme Court of Connecticut · 1872
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3Cited by13 opinions
- Cannon v. NicholasCourt of Appeals for the Tenth Circuit · 1935
- Gordon v. Ware Nat. BankCourt of Appeals for the Eighth Circuit · 1904
- Baker v. Keet-Rountree Dry Goods Co.Supreme Court of Missouri · 1928
- Strode v. Meyer Bros. Drug Co.Missouri Court of Appeals · 1903
- Metropolitan Life-insurance v. ElisonSupreme Court of Kansas · 1905
8 more not listed; retrieve them via the Exa API.