Bankers life wins important court cases.In March 1907, Best's Review (life edition) reported the details of court cases involving Bankers Life Insurance Co. and three policyholders. Three individual suits were filed against the insurer. In each case, the Appellate Division In several jurisdictions, the Appellate Division is the name of a court, or division of a court, that hears appeals from lower courts.
New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of ruled in favor of Bankers Life. The decisions of the court considered the following three points: "the right of a policyholder to a dividend which has been wrongfully wrong·ful adj. 1. Wrong; unjust: wrongful criticism. 2. Unlawful: wrongful death. declared; the amount of reserve required to protect assessment policies, and the valuation by a stock company of a policy taken out when said company was a mutual corporation." Best's Review declared "these decisions are of the first importance to the company," and also, "of interest to those who are policyholders in companies which are the outgrowth of fraternal fraternal /fra·ter·nal/ (frah-ter´n'l) 1. of or pertaining to brothers. 2. of twins; derived from two oocytes. fra·ter·nal adj. 1. Of or relating to brothers. organizations." |
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