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BUDGET PREMIUM CO. v. INTER-INS. EXCHANGE

Gen. No. 64-23.

55 Ill. App.2d 277 (1965)

204 N.E.2d 310

Budget Premium Company, an Illinois Corporation, Plaintiff-Appellant, v. Inter-Insurance Exchange of Lake States, an Illinois Insurance Corporation, et al., Defendant-Appellee.

Appellate Court of Illinois — Third District.

February 10, 1965.

Attorney(s) appearing for the Case

Sidney S. Deutsch, of Rock Island, for appellant.

Moran, Klockau, McCarthy, Shubert & Lousberg, of Rock Island, for appellee.

ABRAHAMSON, P.J.

This is a suit instituted by the plaintiff, Budget Premium Company, engaged in financing the payment of insurance premiums, to recover unearned premiums from the defendant, Inter-Insurance Exchange of Lake States, upon a cancellation of policies financed by Budget. For all practical purposes, the case was tried upon stipulations entered into by the parties, and after a finding for Lake States, Budget has appealed.

On August 31, 1961, Lake...

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