JURITEXT000006953099 Généré par l'IA

Estate of Insured v. Life Insurance Company Regarding Predeceased Beneficiary

Numéro de cause JURITEXT000006953099

Autorité / Tribunal Cour de cassation

Juridiction

France (FR)

Date de la décision 1960-02-24

Issue du litige Rejeté (Dismissed)

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Synthèse Legislator

Généré par l'IA

An individual, having taken out a life insurance policy contingent on the survival of a designated beneficiary, sued the insurer when the beneficiary died before the insured, arguing the payment should be made to the estate because the condition precedent failed; the court rejected the appeal, reasoning that the contract clause stipulated payment to the named beneficiary upon the insured's death, and since that beneficiary predeceased the insured, the right to the capital never vested in that beneficiary, meaning the funds must revert to the insured's estate, as the policy's terms did not provide for payment to a substitute beneficiary under those specific circumstances.

Regeste Legislator

Généré par l'IA

Estate of Insured v. Life Insurance Company Regarding Predeceased Beneficiary: An individual, having taken out a life insurance policy contingent on the survival of a designated beneficiary, sued the insurer when the beneficiary died before the insured, arguing the payment should be made to the estate because the condition precedent failed; the court rejected the appeal, reasoning that the contract clause stipulated payment to the named beneficiary upon the insured's death, and since that beneficiary predeceased the insured, the right to the capital never vested in that beneficiary, meaning the funds must revert to the insured's estate, as the policy's terms did not provide for payment to a substitute beneficiary under those specific circumstances.