New York Life Ins. v. Trust Co.

28 Ohio C.C. Dec. 659, 22 Ohio C.C. (n.s.) 161, 1908 Ohio Misc. LEXIS 390
CourtCuyahoga Circuit Court
DecidedJanuary 20, 1908
StatusPublished

This text of 28 Ohio C.C. Dec. 659 (New York Life Ins. v. Trust Co.) is published on Counsel Stack Legal Research, covering Cuyahoga Circuit Court primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook
New York Life Ins. v. Trust Co., 28 Ohio C.C. Dec. 659, 22 Ohio C.C. (n.s.) 161, 1908 Ohio Misc. LEXIS 390 (Ohio Super. Ct. 1908).

Opinion

MARVIN, J.

On June 21, 1902, the New York Life Insurance Co. issued to Richard W. Taylor, Jr., a policy on his life to the amount of $5,000. This policy was issued from the Park Row branch of the company in New York City, and not from the home office. At the time the policy was issued the first installment of premium, amounting to $140.55, was paid by Taylor, the policy itself containing a receipt for such payment. And it was provided in the policy that the same should continue in force until the [660]*660death, of the insured, provided there should be paid on June 21, 1903, and thereafter on June 21 of each succeeding year a premium in the amount of $140.55. It was further provided that if any premium was not paid at the date when it became due, the insurance should automatically continue for the period of 60 days after such payment became due. It was further provided in the policy that:

“1. Only the president, a vice president, the actuary or the secretary has power in behalf of the company to make or modify this or any contract of insurance, or to extend the time for paying any premium, and the company shall not be bound by any promise or representation heretofore or hereafter given by any person other than the above.
“2. Premiums are due and payable at the home office, unless otherwise agreed in writing, but may be paid to any agent producing receipts signed by one of the above named officers and countersigned by the agent. If any premium is not paid on or before the date when due, the liability of the company shall be only as hereinbefore provided for such ease. ’ ’

It was further provided that if the premium was not paid when due, the company would restore the policy as of the date of such non-payment on .the payment of the premium as within one month after the due date, with interest at the rate of 5 per cent per annum.

This period of one month is spoken of as “ the one month of grace. ” It is further provided that the insured, if payment is not made at the time it becomes due, or within one month thereafter, could only be reinstated on written application from the home office with evidence of insurability, etc.

The insurance company maintain an office known as the Cleveland branch in the city of Cleveland, from which policies were issued and at which payments of premiums were made. At this office there was a cashier, an assistant cashier and a number of clerks! Taylor was the cashier of this office for a considerable period, and so was familiar with the manner of doing business in this office, but was not such at the time this policy was issued. The policy spoken of was assigned by Taylor to the City Trust Co., and such assignment was registered at the [661]*661home office of the company. Taylor died on September 10, 1903, and the trust company brought suit against the insurance company upon the policy. The insurance company denied liability, one of the grounds being that the installment of premium due on June 21, 1903, was not paid either at that date or at any date, and in any event that it was not paid nor attempted to be paid until more than one month after the date when it became due. This was the main issue tried in the case. The result of the trial was a verdict and judgment for the trust company, and this proceeding is brought by the insurance company seeking to reverse that judgment.

The claim on the part of the trust company was and is that this premium was paid at the Cleveland office on June 22, 1903, to Eward C. Kilfoyle, who was then the assistant cashier at the Cleveland office, and that by the course of business carried on for a long period of time before this payment, a custom was established, known to the insurance company, of payments being: made in this wise to officers and clerks in charge of the Cleveland office. It is conceded, that Kilfoyle did not deliver to Taylor at the time this payment was made a receipt signed by either the president, a vice-president, actuary or secretary of the company, nor did he have in his possession any such receipt which he could have delivered to Taylor, but, it is said, that he did deliver a receipt to Taylor reading as follows:

ClevblaND, 0., June 22, 1903.
“Received from R. W. Taylor, Jr., one hundred and forty and 55-100 dollars, prem. due June 21, 1903; policy No. 3295168.
$140.55.”

On which receipt was stamped by a stamp of the insurance company the words “New York Life Insurance Company,” and that this was signed “C. E. Griffey, Cashier, Kilfoyle.”

This receipt was offered in evidence. Objection was made to its being received. This objection was overruled and an exception noted. It is claimed that this was error. We find no error in the admission of this receipt, when coupled with [662]*662proper instructions as to what must be shown on the part of the trust company to make such receipt binding upon the insurance company. It should be said here that it was established that the words stamped upon the receipt were so stamped by Kilfoyle and that he wrote the words, “C. E. Griffey, Cashier,” and signed his own name “Kilfoyle.” Of course since the payment to Kilfoyle, if it were made, could not avail the trust company, unless authority in Kilfoyle to receive and receipt for the money was shown, one of the things necessary to make the case of the trust company' was to show that payment was made; that to be followed by showing that the party to whom such payment was made had authority from the company in some manner to receive and receipt for the money. As a step in making this proof we think it was proper that the receipt should have been admitted in evidence. There remained, howéver, the necessity of proving that Kilfoyle had the proper authority. It is not claimed that there was any express authority given to Kilfoyle or to any other officer or employee of the company at the Cleveland office, but it is urged that such authority could be shown by a custom long continued, known to and acquiesced in by the company. Evidence was introduced tending to show such custom ; at any rate tending to show that both Griffey and Kilfoyle had received money in payment for installments of premiums on policies not issued from the Cleveland office, and for which no receipt signed by the officers specified as those whose signatures must appear on the receipt to make it valid, and that money so received by these parties was forwarded to the home office or to the branch office at which such policy was issued.

Kilfoyle denied that the money was paid to him or that any payment was made to him on account of this policy at the time the receipt was dated, but he makes po satisfactory explanation of how the receipt came to be given. Besides this denial on the part of Kilfoyle that there was no payment made to him at the time the receipt is dated, there is evidence of a transaction on July 23, 1903, which tends to sustain this denial on the part of Kilfoyle.

The jury reached the conclusion that the money was paid to Kilfoyle on June 22, and that this receipt was given to Taylor [663]*663on that day. A majority of the court do not feel that we would be justified in reversing the judgment on this, as being against the weight of the evidence, though it must be conceded that it is not unlikely that another jury with the same evidence might come to a different conclusion.

Free access — add to your briefcase to read the full text and ask questions with AI

Cite This Page — Counsel Stack

Bluebook (online)
28 Ohio C.C. Dec. 659, 22 Ohio C.C. (n.s.) 161, 1908 Ohio Misc. LEXIS 390, Counsel Stack Legal Research, https://law.counselstack.com/opinion/new-york-life-ins-v-trust-co-ohcirctcuyahoga-1908.