Cunningham v. Globe Life Insurance

Citations

• 106 Kan. 631
• 189 P. 158
• 1920 Kan. LEXIS 621

Syllabus

<p>SYLLABUS BY THE COURT.</p> <p>Life Insurance — Extension Note for Premium — Note in Default — Notice of Intended Forfeiture Necessary. Where before a life insurance premium becomes due an agreement is made extending the time of payment, a failure to meet the obligation at its new maturity does not cause a lapse of the policy, notwithstanding a provision therein contained to that effect; this result' being prevented by the statute which forbids a forfeiture on account of the nonpayment of a premium until a thirty-day notice thereof shall have been given after such default has occurred.</p>