(Download) "Loss v. Mutual Life Ins. Co." by United States Court of Appeals for the Second Circuit " Book PDF Kindle ePub Free
eBook details
- Title: Loss v. Mutual Life Ins. Co.
- Author : United States Court of Appeals for the Second Circuit
- Release Date : January 14, 1964
- Genre: Law,Books,Professional & Technical,
- Pages : * pages
- Size : 51 KB
Description
Before: LUMBARD, Ch. J., MOORE and SMITH, C. JJ. Per Curiam: In this diversity action, appellant-beneficiary seeks to recover the face amount, less an outstanding loan, of a life insurance policy which appellee-insurer claims had lapsed prior to the death of the insured. To avoid this consequence, the result of the insured's admitted failure to pay premiums, appellant advances numerous theories, namely, that appellee incorrectly advised the insured that a cash payment was required to satisfy a premium payment; that appellee failed to give the required notice that outstanding loans and interest would equal or exceed the policy's loan value; that appellee failed to properly notify the insured of the payments necessary to avoid the lapse; and that appellee should have applied equity in other policies owned by the insured to the payment of the premium in question.