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Mutual Life Ins. Co. Of New York v. Liebing, 259 U.S. 209 (1922)
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General SummaryThis case is from a collection containing the full text of over 16,000 Supreme Court cases from 1793 to the present. The body of Supreme Court decisions are, effectively, the final interpretation of the Constitution. Only an amendment to the Constitution can permanently overturn an interpretation and this has happened only four times in American history.
Mutual Life Ins. Co. Of New York v. Liebing, 259 U.S. 209 (1922)
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Mutual Life Ins. Co. of New York v. Liebing No. 215 Argued April 21, 24, 1922 Decided May 29, 1922 259 U.S. 209
ERROR TO THE SUPREME COURT
OF THE STATE OF MISSOURI
Syllabus
1. A law of the state where a life insurance policy was executed, directing temporary continuance of the full insurance by application of a proportion of the net value in case of default in payment of premiums, controls the parties’ later loan agreement, made in the same state on security of the policy and stipulating for cancellation of the policy in case of default in repaying the loan. P. 213.
2. Where a life insurance policy, executed in Missouri, contained a positive promise by the insurance company to lend upon security of the policy within the limits of its cash surrender value, and a loan agreement was made and consummated through an application delivered to the insurance company’s Missouri agency, its transmission to and approval at the company’s home office in New York, discharge there of a past due premium and issuance of a receipt therefor, transmission of the receipt and the company’s check for the balance of the loan to the company’s Missouri agent, and their delivery in Missouri by such agent to the insured, who cashed the check, held that the agreement was made in Missouri and governed by the Missouri law. P. 214. New York Life Insurance Co. v. Dodge, 246 U.S. 357, distinguished.
226 S.W. 897 affirmed.
Error to a judgment against the plaintiff in error recovered in an action upon a life insurance policy.
Contents:
Chicago: U.S. Supreme Court, "Syllabus," Mutual Life Ins. Co. Of New York v. Liebing, 259 U.S. 209 (1922) in 259 U.S. 209 259 U.S. 210–259 U.S. 212. Original Sources, accessed November 25, 2024, http://originalsources.com/Document.aspx?DocID=YQSHJ68UHAXGEQL.
MLA: U.S. Supreme Court. "Syllabus." Mutual Life Ins. Co. Of New York v. Liebing, 259 U.S. 209 (1922), in 259 U.S. 209, pp. 259 U.S. 210–259 U.S. 212. Original Sources. 25 Nov. 2024. http://originalsources.com/Document.aspx?DocID=YQSHJ68UHAXGEQL.
Harvard: U.S. Supreme Court, 'Syllabus' in Mutual Life Ins. Co. Of New York v. Liebing, 259 U.S. 209 (1922). cited in 1922, 259 U.S. 209, pp.259 U.S. 210–259 U.S. 212. Original Sources, retrieved 25 November 2024, from http://originalsources.com/Document.aspx?DocID=YQSHJ68UHAXGEQL.
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