After Regent Abstract Services sued Fidelity National Title Insurance Company to get payment on a life insurance policy, Fidelity asked for the case's dismissal on the grounds the policy had been canceled due to an unpaid premium.
When the New York County Supreme Court granted the dismissal request, Regent went to the Appellate Division, First Department, claiming that the policy had been reactivated once the overdue premium had been paid.
The AD1 noted that the policy's terms expressly required that the insured be alive at the time a past-due premium was received. Since the payment was due on February 27, the insured died on March 3, and the monies weren't received until March 6, the appellate court concluded that the policy hadn't been reinstated.
No reviving that.
To view a copy of the Appellate Division's decision, please use this link: Fidelity Natl. Tit. Ins. Co. v. Regent Abstract Servs., Ltd.