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THORNE v. AETNA LIFE INSURANCE COMPANY

No. 17050.

407 F.2d 809 (1969)

William A. THORNE, Receiver, Atlas Lumber & Door Co., Plaintiff-Appellant, v. AETNA LIFE INSURANCE COMPANY, Defendant-Appellee.

United States Court of Appeals Seventh Circuit.

Rehearing Denied March 19, 1969.

Attorney(s) appearing for the Case

Milton A. Johnson, South Bend, Ind., for appellant.

Joseph T. Helling, Arthur A. May, South Bend, Ind., for appellee.

Before DUFFY, Senior Circuit Judge, SWYGERT and CUMMINGS, Circuit Judges.

DUFFY, Senior Circuit Judge.

This is a suit by the Receiver of Atlas Lumber & Door Company (Atlas) to re cover $100,000 under a contract of interim insurance. The facts are largely stipulated.

On December 10, 1964, Robert G. Reynolds, the President of Atlas, made an application to Aetna Life Insurance Company (Aetna) for insurance on his life in the sum of $100,000.00 payable to the corporation. He paid one month...

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