Présentation de l'éditeur
No questions relating to life insurance have so frequently been before the courts, as those arising out of the designation of the beneficiary, and the assignment of the contract of insurance. Within the last half century, at least one-half the life insurance questions presented to attorneys, either for the claimants, or for the Company, or Mutual Benefit Society, involved the question as to whom payment of the proceeds of a matured policy or certificate should be made. Upon the maturity of a contract of life insurance, two questions arise: to whom are the proceeds payable, and, if payable to more than one person, in what manner are they to be divided. The liability of the insurer, and the interests involved and affected by such liability arising under the contract of insurance, make a correct interpretation of its conditions, and the statutory laws applicable thereto, of the greatest moment to the business of life insurance. A contract of life insurance is an agreement The CONTRACT. whereby one of the parties, the insurer, in consideration of a certain sum of money, called the premium, undertakes to pay a certain larger sum of money upon the death of the person whose life is insured, to the payee under the terms of the contract. The payee mentioned in the contract is The Beneficiary called the beneficiary.
(Typographical errors above are due to OCR software and don't occur in the book.)
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Présentation de l'éditeur
This is a pre-1923 historical reproduction that was curated for quality. Quality assurance was conducted on each of these books in an attempt to remove books with imperfections introduced by the digitization process. Though we have made best efforts - the books may have occasional errors that do not impede the reading experience. We believe this work is culturally important and have elected to bring the book back into print as part of our continuing commitment to the preservation of printed works worldwide. This text refers to the Bibliobazaar edition.
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