OCR Text |
Show oir Insurance Point Hotted. H A curious point in Insurance law has been raised 111 California In n suit Ulcd by Iho executors of tha i atato of J, L White, who was killed whllo rescuing two women from the Daldwln hotel during the progress of the great flro In November, 18IH A short tlmo before his death hlta purchased from tho Mutual Life Insurance Insur-ance company of New ork for (33,893 an annuity policy entitling him to tSCOOnycnr 'Iho law of New York enacted in 1S71 provides that annuities are properties which miy bo divided among the helrsof annuitants tho sanio at other property In tho case of White's policy it was not stipulated that no apportionment should bo made ot tho annuity In accordance with tho New York law and tho Inanranoo com-pnny, com-pnny, when nskctl topay tho annuity to WMto i heirs, disclaimed nil liability under tho policy Tho company has now been tucd to recover tha nmonnt pnld for tho polity. |