148 Mich. 453 | Mich. | 1907
This is an action on a policy of insurance. Judgment in favor of defendant was based upon a directed verdict. Plaintiff brings error.
The material facts are that plaintiff made a written application to become a member of defendant company, which application was accepted and a policy of insurance issued. A promissory note of the plaintiff, given on the 27th day of October, 1903, and due on the 1st day of December, 1903, for #11.80, the same being the estimated advance assessments for the period of the policy, namely,
“ It is a part of this contract that in case this note be not paid at or before maturity or 30 days after maturity that such policy shall cease and determine and be null and void and so remain until such note shall have been fully paid to said company as provided in said policy.”
Plaintiff at no time offered to pay the note.
If it be assumed that this contract is valid, or has for the purposes of this case binding force, it is clear that plaintiff’s right to recover is defeated by his default. McIntyre v. Insurance Co., 52 Mich. 188; Robinson v. Insurance Co., 76 Mich. 641 (6 L. R. A. 95). Plaintiff does not question the rule of the cases cited, but contends that under the statute ■ under which defendant was organized (2 Comp. Laws, § 7266 et seq.), and under its charter filed with the insurance commissioner, the defendant did not have the right to accept premium notes as advance payment for assessments or otherwise, and it is argued that, as the note was unauthorized, the plaintiff cannot be in default for not paying it. We find it unnecessary to determine whether the statute or the charter are
The judgment is affirmed.