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AMBERG v. BANKERS LIFE CO.

Docket No. L.A. 29824.

3 Cal.3d 973 (1971)

479 P.2d 633

92 Cal. Rptr. 273

SARAH B. AMBERG, Plaintiff and Respondent, v. BANKERS LIFE COMPANY, Defendant and Appellant.

Supreme Court of California. In Bank.

January 29, 1971.

Attorney(s) appearing for the Case

COUNSEL

Lillick, McHose, Wheat, Adams & Charles and Anthony Liebig for Defendant and Appellant.

Howard L. Winton and John D. Gray for Plaintiff and Respondent.

OPINION

McCOMB, J.

Defendant appeals from a judgment in favor of plaintiff in an action to recover under a group life insurance policy.

Facts: Plaintiff is the widow of Roland Amberg. From 1959 to January 29, 1964, Amberg owned 50 percent of the stock of Roland Oldsmobile (later renamed Jim Kresl Oldsmobile) and was its president. On January 29, 1964, Amberg sold his stock to his partner, James Kresl. At that time,...

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