Jacobs v. New York Life Insurance

Citations

• 71 Miss. 658

Syllabus

<p>Life Iusubánoe. Death of applicant before policy issues. Liability.</p> <p>Where an applicant for insurance stands a satisfactory medical examination, and pays a stated sum, taking from the agent of the company a receipt, stipulating that if the application “for insurance to take effect from this day” is approved, and a policy issued, the money is to be applied in payment of the first semi-annual premium; but “ that, if said application is not approved and accepted, said company shall incur no liability, and said sum is to be returned on surrender of this receipt,” and the applicant dies while the company is considering the application, and it is not approved, the company incurs no liability. So held on demurrer to a declaration alleging that the application was refused arbitrarily and without cause.</p>