Stout v. Independent Order of Foresters

148 S.W.2d 137, 235 Mo. App. 787, 1941 Mo. App. LEXIS 29
CourtMissouri Court of Appeals
DecidedFebruary 17, 1941
StatusPublished

This text of 148 S.W.2d 137 (Stout v. Independent Order of Foresters) is published on Counsel Stack Legal Research, covering Missouri Court of Appeals primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook
Stout v. Independent Order of Foresters, 148 S.W.2d 137, 235 Mo. App. 787, 1941 Mo. App. LEXIS 29 (Mo. Ct. App. 1941).

Opinion

*796 CAVE, J.

This suit is based on a certificate of life insurance in the sum of $2000, issued by the defendant to Howard Clevidence, in December, 1932, and in which plaintiffs are the beneficiaries. The insured died August 8, 1934. The defendant, when informed of the death of insured, denied liability. Thereupon, this suit was brought. There is no dispute about the issuance of the certificate or the death of the insured or that the plaintiffs herein are the beneficiaries named in such certificate.

Trial to a jury resulted in a verdict and judgment for the defendant. The plaintiff filed motion for new trial, and the motion was sustained on the ground that the court erred in refusing to give plaintiff’s Instruction Number 2 and in giving defendant’s Instructions Numbered 3, 5, 6, and 8. From the order sustaining the motion for new trial, the defendant has appealed.

If it was proper for the court to sustain the motion on any ground assigned therein, then the ruling must be sustained. [Cole v. St. Louis, San Francisco Railway Co., 332 Mo. 999, 61 S. W. (2d) 344.]

This same case was once tried and appealed to this court and the opinion in that case is reported in 115 S. W. (2d) 32, but when the case was retried, the pleadings were amended and the issues on this appeal are somewhat different from the issues in the above reported case.

Defendant is a fraternal beneficiary association, organized under the statutes of the Parliament of Canada and is authorized to do business in this State as such an association. It will hereafter be referred to as “I. O. F.”

The record discloses that one Howard E. Clevidence in 1906 became a member of a fraternal benefit association known as the “Modern Brotherhood of America,” (which will hereafter be referred to as the “M. B. A.”), and that association issued to him in 1906 a contract of insurance in the sum of $2000. That contract, or certificate, required the payment of $1.35 per month as dues or premiums. In 1931, the M. B. A. was in financial difficulties and because thereof it entered into a merger contract with the I. O. F. as of November, 1931, and one of the results of that merger agreement was that all *797 of the assets of the M. B. A. were transferred to the I. O. F., which association assumed all the obligations of the M. B. A. Whether the insured was a party to and bound by the merger agreement is beside the question here, because he elected so to be by accepting the new certificate. [Spears v. I. O. F., 107 S. W. (2d) 1. c. 130.] The particular part of the merger agreement which is pertinent to this suit is Section 7. It is pleaded in plaintiffs’ petition and they are asserting rights thereunder, and the defendant does likewise; it is as follows:

“Seventh. There shall be set aside for the benefit and to the credit of the benefit certificates held by members of said Modern Brotherhood of America, except those members who transferred under the provisions of Sections 127 and 127-A of its by-laws 1911 — they having been permitted to transfer at a rate for an age from two to five years less than their actual ages, respectively, at date of transfer, with maximum rate not greater than that for age forty-eight years — the net level premium reserve required on such certificates, calculated on the same basis of mortality and rate of interest as now used by said The Independent Order of Foresters in calculating reserves on its own certificates; Provided, however, that there shall also be set aside the reserve — same to be arrived at on the same basis of mortality and interest — necessary to pay the installments of old age disability benefits on Death and Old Age Certificates held by members of said Modern Brotherhood of America, who transferred under said by-laws 1911 aforesaid, and which old age disability benefits shall have matured, in whole or in part, or been paid in part, at the date this agreement becomes effective, and the reserve necessary to pay the cash surrender value claims then due on Whole Life Certificates held by members who transferred as aforesaid, all without change in the rates of contribution now being paid by the holders of such certificates. There shall also be set aside the reserve required on the Paid Up and Extended Protection Certificates held by those who have elected to take their withdrawal equities in such form. After setting aside the reserves above required, all assets then remaining in the reserve, surplus and benefit funds of said Modern Brotherhood of America shall be set aside for the benefit and be apportioned to the credit of the certificates held, by those members of said Modern Brotherhood of America who transferred under the provisions of said Sections 127 and 127-A of its by-laws 1911, and if said remainder of said assets does not equal the reserve required on said certificates, calculated on the basis above mentioned, then such members will be offered, and required to accept, new certificates at rates of assessment which will provide said reserve so required; Provided, that there will be first set aside out of the a&sets so apportioned to the credit of said members of said Modern Brotherhood of America who transferred under the provisions of said Sections 127 and 127-A of its by-laws 1911, an amount sufficient to pay the first twelve monthly assessments to be *798 required of said members by said The Independent Order of Foresters for new certificates of tbe same amounts as the benefit certificates now held by them in said Modern Brotherhood of America; Provided, also, that any of said members desiring so to do may contribute on their first twelve monthly assessments at the rate they are now paying on their present certificates, in which event the members so contributing will be given a credit on their second year’s payments for the amount so contributed. Should a member so contributing die before having received credit for the amount so, contributed on said first twelve monthly assessments, said amount will be refunded to his or her beneficiary. Provided, Further, that in determining the rate of assessment which said members shall be required to pay on their new certificates, due allowance shall be made said members of said Modern Brotherhood of America, and due credit shall be given them, for all the assets so set aside and apportioned to their present certificates, respectively. Provided, Also, that none of the funds contributed by said members of said Modern Brotherhood of America who transferred under said Sections 127 and 127-A of its by-laws 1911 as aforesaid shall be used for the benefit or apportioned to the credit of the benefit certificates held by any other class of members of said Modern Brotherhood of America. Said required reserves above mentioned shall be calculated and determined as of December 31, 1931. All other benefit members of said Modern Brotherhood of America shall be permitted to become and remain members of said The Independent Order of Foresters and entitled to have and enjoy all of the benefits, privileges and advantages of the benefit certificates now held by them, respectively, on the payment by them of the rates which they are now paying said Modern Brotherhood of America.”

After the execution of the merger agreement by M. B. A. and I. O. F., and the approval of the same by the insurance commissioner of the State of Iowa (where M. B. A. was organized and had its office), and the proper authorities of Canada (where I. O. F.

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Bluebook (online)
148 S.W.2d 137, 235 Mo. App. 787, 1941 Mo. App. LEXIS 29, Counsel Stack Legal Research, https://law.counselstack.com/opinion/stout-v-independent-order-of-foresters-moctapp-1941.