Travelers Insurance Co. v. Bailey
Supreme Court of Vermont
197 A.2d 813 (1964)
Relevant factsFree
Bailey (defendant) applied for a policy with a $500 annual annuity for at least ten years, but Travelers (plaintiff) mistakenly issued a policy with a $500 monthly annuity for at least one hundred months, and sued to reform the policy to match the original application; the trial court ruled for Travelers, and Bailey appealed.
IssueFree
Whether an insurer is entitled to reformation of a policy mistakenly issued that does not reflect what the insured actually requested.