Iles v. Mutual Reserve Life Insurance

Citations

• 50 Wash. 49
• 96 P. 522
• 1908 Wash. LEXIS 663

Syllabus

<p>Insurance — Conditions—Forfeiture — Nonpayment of Premium —Waiver. A life insurance policy is rendered null and void, ipso facto, by failure to pay at maturity a note given in payment of the first year’s premium, where the receipt therefor and the policy contained that express condition; and the company is not estopped to assert the forfeiture of the policy by the fact that it placed the note in the hands of an attorney for collection and endeavored without success to collect the note after its maturity and before the death of the assured, where the policy provided that no waiver of forfeiture should be valid unless in writing and signed by an officer of the company.</p>