Lone v. Mutual Life Insurance Co. of New York

Citations

• 33 Wash. 577
• 74 P. 689
• 1903 Wash. LEXIS 554

Syllabus

<p>Life Insurance—Stale Demand—Failure to Pay Premiums— Notice of Forfeiture — Lapse of Policy in Mutual Company. Where the insured pays the first semi-annual premium upon a life policy in a mutual company, and for twelve years neither pays or offers to pay any premium, an action by his administrator, based on the theory that the statutory notice of forfeiture was not given, will be dismissed for the reason that the demand is a stale one, irrespective of statutory regulations as to forfeitures, as the statute will be considered waived and the policy rescinded by the insured.</p>