Reports of Cases Argued and Determined in the Supreme Court of Ohio, Volume 62 |
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Page 392
The forfeiture clause in the policy is in effect that upon failure to pay the premium ,
all outstanding premium notes having been paid at maturity , the policy shall
become a paid - up term policy , but without the payment of such notes , the
policy ...
The forfeiture clause in the policy is in effect that upon failure to pay the premium ,
all outstanding premium notes having been paid at maturity , the policy shall
become a paid - up term policy , but without the payment of such notes , the
policy ...
Page 395
It also contained a provision for a " paid - up term policy " in favor of the wife , in
these words : " In case of default for non - payment of premium after three years ,
and no legal surrender having been made , the insured having paid at maturity
all ...
It also contained a provision for a " paid - up term policy " in favor of the wife , in
these words : " In case of default for non - payment of premium after three years ,
and no legal surrender having been made , the insured having paid at maturity
all ...
Page 399
Unless that be the proper construction , a paid - up term policy would be defeated
any time after it accrues , by the inswed giving an ordinary note for unpaid
premiums ; and we should have the absurdity , that , whilst an accrued paid - up
term ...
Unless that be the proper construction , a paid - up term policy would be defeated
any time after it accrues , by the inswed giving an ordinary note for unpaid
premiums ; and we should have the absurdity , that , whilst an accrued paid - up
term ...
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