Bond v. Bankers Life Ass'n

Citations

• 90 Kan. 215
• 133 P. 854
• 1913 Kan. LEXIS 194

Syllabus

<p>SYLLABUS BY THE COURT.</p> <p>■ Life Insurance — Default of Assessments — Guarantee Deposit— Forfeiture. The articles of incorporation of an association doing business on the mutual assessment plan, together with its by-laws and other writings which entered into the contract of insurance between the member and association, examined, and it is held that neither the guarantee deposit made by a member when he is admitted to the association nor any part of the guarantee fund of the association .can be applied in payment of delinquent assessments.</p>