Quincy C. De Grove, Respondent v. the Metropolitan Insurance Company, Appellant

Summary

The New York Court of Appeals reversed the lower court, holding that the receipt issued by the insurer's agent was merely evidence of premium payment and not a complete contract of insurance. Accordingly, the policy's conditions—a minimum loss of five percent of the sum insured and a twelve‑month limitation on suit—were enforceable, and the plaintiff’s claim was barred.