General Index to the Insurance Digest; Embracing All Decisions ... Volume 12 (Paperback)

This historic book may have numerous typos and missing text. Purchasers can usually download a free scanned copy of the original book (without typos) from the publisher. Not indexed. Not illustrated. 1900 edition. Excerpt: ...were seasonably made to tender or refund the money, and failed through no fault of the association, where such was required on the annulment of a certificate. Demurrer to answers sustained below. Here aflirmed against as-. socia;tion. Supreme Lodge Knights of Pythias of the World v. Taylor et al. (Ala. S. C.): 24 Southern Reporter (January 11, 1899), 247. Assignment of Certificate--lnterest of Assiguee--Statuie: N., who was a member of a mutual benefit association, under an agreement with L., assigned his certificate of membership in such association to L. L. was not related in any manner to N. By sec. 1 of the Dominion Act of Incorporation, persons who might be named as beneficiaries were limited to widow, orphans, dependents, or other beneficiary whom the deceased member has designated, or to the legal representatives of such deceased member. Held, That the assignment to L. was void, he not being of the class specifically named in the act, who might be named as The words or other beneficiary whom the deceased member has designated, in sec. 1 of the Dominion Act of Incorporation, must be held to be confined to persons of the same class as those specifically named, to-wit, widow, orphans, dependents, and that it was not intended by the Legislature to confer an indefinite power upon a member of these associations to name any person whatever as his beneficiary. Assignment of Certificate--Voluntary Forfeiture of Membership--Rights of Assignee: N., who was a member of a mutual benefit association, holding a benefit certificate payable to his wife, after the death of his wife, resolved to allow his membership to terminate by lapse. L., who was in no way related to him, induced N. by a promise to pay all...