Law of Assignments of Life Policies
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In our eReader you can find the full English version of the book. Read Law of Assignments of Life Policies Online - link to read the book on full screen. Our eReader also allows you to upload and read Pdf, Txt, ePub and fb2 books. In the Mini eReder on the page below you can quickly view all pages of the book - Read Book Law of Assignments of Life Policies
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11 As the right of disposition by the party paying the premiums has only been admitted on the ground of failure or presumptive failure of the beneficial interest, it would seem that an assignee taking through the beneficiary by a complete assignment, and thereafter paying the premiums, had an indefeasable title, but where the party paying premiums is the husband, he should join in any assignment, and thus preclude all disputes.
Where the policy is an endowment payable to the insured, if he surv...ive the term, otherwise to the wife, the interest of the lat- died prior to the donor, the benefit should go to his heirs rather than hers. The same doctrine was applied, at the same time, to a similar case in another benefit association, designed to "benefit the families of deceased members." It may be added that the peculiar features of a benevolent association fre- quently modify the doctrines applicable to ordinary life insurance contracts, the contracts of such associations being usually controlled by the charter, con- stitution, by-laws, or statute.
What to read after Law of Assignments of Life Policies?
You can find similar books in the "Read Also" column, or choose other free books by Charles Cole Hine to read onlineMoreLess
To quickly assess the difficulty of the text, read a short excerpt:
11 As the right of disposition by the party paying the premiums has only been admitted on the ground of failure or presumptive failure of the beneficial interest, it would seem that an assignee taking through the beneficiary by a complete assignment, and thereafter paying the premiums, had an indefeasable title, but where the party paying premiums is the husband, he should join in any assignment, and thus preclude all disputes.
Where the policy is an endowment payable to the insured, if he surv...ive the term, otherwise to the wife, the interest of the lat- died prior to the donor, the benefit should go to his heirs rather than hers. The same doctrine was applied, at the same time, to a similar case in another benefit association, designed to "benefit the families of deceased members." It may be added that the peculiar features of a benevolent association fre- quently modify the doctrines applicable to ordinary life insurance contracts, the contracts of such associations being usually controlled by the charter, con- stitution, by-laws, or statute.
What to read after Law of Assignments of Life Policies?
You can find similar books in the "Read Also" column, or choose other free books by Charles Cole Hine to read onlineMoreLess
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