Mutual Life Ins. Co. of NY v. Cohen

Citations

• 179 U.S. 262
• 21 S. Ct. 106
• 45 L. Ed. 181
• 1900 U.S. LEXIS 1866

Syllabus

<p>The provision in the statutes of New York that “ no life insurance company doing business in the State of New York shall have power to declare forfeited or lapsed any policy hereafter issued or renewed, by reason of non-payment of any annual premium or interest, or any portion thereof, except as hereinafter provided,” does not apply to or control such a policy issued by a corporation of New York in another State, in favor of a citizen of the latter State, but is applicable only to business transacted within the State of New York; and in such case the rights of the parties are measured by the terms of the contract.</p>