Equitable Life Assurance Society of United States v. Amanda M. Ellis.

Summary

The Texas Supreme Court affirmed the lower courts, holding that the insurer waived the forfeiture of the life‑insurance policy through its conduct, specifically the letters offering a loan after the policy had lapsed, and that the insurer's cashier and superintendent of the Extension and Loan Department possessed authority to bind the company despite the policy's limitation on who could vary the contract.