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Full-Text Articles in Insurance Law

Taxation -Income From Irrevocable Funded Insurance Trusts - Constitutionality Of Statute Nov 1933

Taxation -Income From Irrevocable Funded Insurance Trusts - Constitutionality Of Statute

Michigan Law Review

The settlor created irrevocable trusts to pay premiums on policies of insurance issued on his life in favor of irrevocably-named beneficiaries. Held, that sec. 219 (h), Rev. Acts 1924, 1926, making income from trusts taxable to the settlor, is constitutional. Burnet v. Wells, (U. S. 1933) 53 Sup. Ct. 7.61.1


Insurance - Death In Violation Of Law-Proximate Cause Apr 1933

Insurance - Death In Violation Of Law-Proximate Cause

Michigan Law Review

Decedent's life was insured by the defendant company, a clause in the by-laws of which, incorporated in the policy by reference, excepted liability where death occurred in consequence of a violation of law. Decedent and two companions had committed the crime of auto banditry, and police officers, with warrants for their arrest, surprised them in possession of the stolen car, killing the decedent who sat armed with a rifle in the rear seat as the car drove away. Held, the policy covered the death of the insured, including additional payment for accidental death. Ben Hur Life Association v. Cox …


Insurance - Injuries Resulting From The Operation Of An Automobile Mar 1933

Insurance - Injuries Resulting From The Operation Of An Automobile

Michigan Law Review

The defendant insured the plaintiff against accidental injuries suffered exclusive of all other causes and only as the result of operating, driving, or riding in or on an automobile. The plaintiff was injured while sitting in the driver's seat of an automobile by a discharge from a gun which was being unloaded by a companion on a hunting trip, preliminary to placing it in the car. Held, the accident arose as a result of operating the automobile within the meaning of the insurance policy and the plaintiff is entitled to recover. Dorsey v. Fidelity Union Casualty Co., (Tex. …


Insurance - Murder Of Insured By Beneficiary - Liability Of Insurer To Estate Of Deceased Where Both Beneficiary And Insured Are Covered By One Joint Policy Feb 1933

Insurance - Murder Of Insured By Beneficiary - Liability Of Insurer To Estate Of Deceased Where Both Beneficiary And Insured Are Covered By One Joint Policy

Michigan Law Review

The deceased and her husband took out with the defendant company a joint policy payable to the survivor of diem. After the murder of the deceased by her husband, her administratrix brought an action to recover the proceeds of the insurance. The court held that since the parties had contracted for the survivor to take all, there could be no recovery in favor of the deceased's estate. Merrity v. Prudential Insurance Company, (N. J. 1932) 161 Atl. 681.


Insurance - Civil Death Of Insured As Effecting Acceleration Of Endowment Policy Jan 1933

Insurance - Civil Death Of Insured As Effecting Acceleration Of Endowment Policy

Michigan Law Review

An endowment policy was made payable to insured if he should live to the policy anniversary date next preceding his sixtieth birthday, otherwise to his executors or administrators. Four years after the policy was taken out, insured was sentenced to life imprisonment for killing his wife. A statute provided that the estate of a person incarcerated for life "shall be administered upon and distributed, and his contracts and relations to persons and things are affected, in all respects, as if he were dead." In an action on the policy by the administrator of insured, held, that imprisonment of insured …


Insurance -Murder Of Insured By Beneficiary Jan 1933

Insurance -Murder Of Insured By Beneficiary

Michigan Law Review

The plaintiff was the beneficiary of an insurance policy carried by her husband. After her conviction for his murder she brought an action against the insurance company to collect the proceeds. The lower court pronounced the defendant liable, gave judgment for the intervening administrator of the deceased's estate, and, in spite of a statute expressly directing insurance moneys in the hands of administrators to inure to the use of surviving widows, ordered that the plaintiff take nothing. On appeal by the insurance company it was held, in an excellent opinion reviewing all the authorities that there was no error. …


Insurance - Civil Death Of Insured As Effecting Acceleration Of Endowment Policy Jan 1933

Insurance - Civil Death Of Insured As Effecting Acceleration Of Endowment Policy

Michigan Law Review

An endowment policy was made payable to insured if he should live to the policy anniversary date next preceding his sixtieth birthday, otherwise to his executors or administrators. Four years after the policy was taken out, insured was sentenced to life imprisonment for killing his wife. A statute provided that the estate of a person incarcerated for life "shall be administered upon and distributed, and his contracts and relations to persons and things are affected, in all respects, as if he were dead." In an action on the policy by the administrator of insured, held, that imprisonment of insured …