Priest v. Bankers Life Ass'n

Citations

• 99 Kan. 295
• 161 P. 631
• 1916 Kan. LEXIS 513

Syllabus

<p>SYLLABUS BY THE COURT.</p> <p>1. Life Insurance — Nonpayment of Premiums — Notice of Forfeiture— Construction of Statute. The notice contemplated by the act to prevent cancellation or forfeiture of life insurance policies without notice (Laws 1913, ch. 212), is notice of an intention to forfeit under an accrued right to forfeit, resulting from default in payment of premium, within the time limited therefor, and notice given before the time has expired within which payment may rightfully be made that forfeiture will be enforced if payment be not made, does not satisfy the requirement of the statute.</p> <p>2. Same — Statute Prospective in Operation. The act is prospective in its operation, and does not affect forfeiture or cancellation of policies issued before the act took effect.</p>