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TRAVELERS INS. CO. v. NATIONAL FARMERS U. PROP. & C. CO.

No. 5-5900.

480 S.W.2d 585 (1972)

The TRAVELERS INSURANCE CO., Appellant, v. NATIONAL FARMERS UNION PROPERTY AND CASUALTY CO. et al., Appellees.

Supreme Court of Arkansas.

May 22, 1972.

Attorney(s) appearing for the Case

Terral, Rawlings, Matthews & Purtle, Little Rock, for appellant.

Catlett & Henderson, Wright, Lindsey & Jennings, Little Rock, for appellees.

FOGLEMAN, Justice.

This appeal presents two basic questions. They are: (1) Is the particular clause in the uninsured motorist coverage of the liability policy issued by National Farmers Union Property and Casualty Company (hereafter called NFU) to Calvin E. McCord, deceased, providing that any amount payable under that coverage because of bodily injury shall be reduced by the amount paid and the present value of all amounts payable on account of such injury under...

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