Salt Lake Tribune | 1905-05-26 | Page 1 | Can't Revoke Policy

CAN'T REVOKE POLICY. Supreme Court Decides Net Value Must Be Considered. I JEFFERSON CITY. Mo . May 25 According Ac-cording to an opinion handed down today to-day by the Supreme court of Missouri, fraternal and assessment life Insurance companies have not the right to rce:ce pt'licles upon which three or more annual payments have- been mad-. In the cuae Upon which tho decision wan rendered a I olic was taken out In May. 1S1K1 Aftor Ho oting three payments, the payment auo In June. 1K9. was not met and the insured died In January. If' The company refused to honor the claim, but tfv lower eourt held th. t there was net value c.f the policy sufilclenl to carry It l?yond the date of death, nd rendered judgment In favor of tho beneficiary.