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FIRST NATIONAL &c. CO. v. SUN &c. OFFICE

23629.

222 Ga. 559 (1966)

150 S.E.2d 803

FIRST NATIONAL BANK & TRUST COMPANY OF AUGUSTA v. SUN INSURANCE OFFICE, LTD.

Supreme Court of Georgia.

Decided September 22, 1966.

Rehearing Denied October 6, 1966.

Attorney(s) appearing for the Case

Hull, Towill & Norman, Julian B. Willingham, for appellant.

Smith, Ringel, Martin & Lowe, Ralph H. Witt, Robert W. Beynart, for appellee.

CANDLER, Presiding Justice.

The First National Bank & Trust Company of Augusta (hereinafter referred to as the bank) purchased a policy of non-recording insurance from Sun Insurance Office, Ltd. Such insurance provides coverage to lending institutions on loans made in which personal property subject to recording statutes, such as automobiles, is pledged as collateral and where its lien on the pledged property is not recorded. An exclusion provision of the policy...

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