Briefs On the Law of Insurance 3

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Briefs On the Law of Insurance 3
Cooley, Roger William, 1859-1931
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146, it was held that the New York statute is applicable to poli- cies for a single year, with agreement to renew the insurance from year to year, without examination, on the payment of a fixed annual premium. These statutes refer, however, only to policies issued by legal reserve companies, and do not apply to policies or benefit certificates issued by co-operative assessment or fraternal benefit associations (Mutual Reserve Life Ins. Co. v. Roth, 122 Fed. 853, 59 C. C. A. 63). Under the provi
...sions of the Missouri statute (Rev.
St. 1879, § 5986; Rev. St. 1889, § 5859), declaring that the statute shall not apply to policies providing for unconditional paid-up insurance or an unconditional cash surrender value, a policy which * Foi the provisions of these statutes, see ante, p. 2395, note.
Digitized by Google 2408 FORFEITURE FOR NONPAYMENT OF PREMIUMS.
limits the time within which paid-up insurance or cash surrender value may be obtained is not within the exception.
Cravens v. New York Life Ins.


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