Seeley v. Union Central Life Insurance

Citations

• 10 Pa. Super. 270
• 1899 Pa. Super. LEXIS 270

Syllabus

<p>Forfeitures — Policy of law as to enforcement.</p> <p>Courts do not favor forfeitures but they cannot avoid enforcing them when the party by whose default they are incurred cannot show some good and stable ground in the conduct of the other party on which to base a reasonable excuse for the default.</p> <p>Insurance — Forfeiture for nonpayment of premium note — Affidavit of defense.</p> <p>Where extended time for payment of an insurance premium is granted for a note given, a stipulation that if the note given for the premium is not paid at maturity the policy, including all conditions for surrender or continuance as a paid-up term policy, should be null and void, is one that will be sustained by the courts. An affidavit disclosing such conditions must be accepted as a verity, and is sufficient to prevent judgment.</p>