District Court, D. New Jersey March 31, 1953, Civ. A. 601-51 (Continental Assur. Co. v. Conroy)

FORMAN, Chief Judge.

I

Plaintiff, The Continental Assurance Company, a corporation of Illinois, authorized to do business in New Jersey, instituted this action of interpleader under 28 U.S.C. §§ 1335, 1397, 2361. The complaint alleges that on or about July 12, 1929, the plaintiff issued a Twenty-Seven Year Convertible Term Insurance Policy in the face amount of $25,000 to John S.