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OSBORNE v. EDISON

No. 55959.

211 N.W.2d 696 (1973)

Wayne and Bonnie OSBORNE, Appellants, v. Robert D. EDISON et al., Appellees.

Supreme Court of Iowa.

October 17, 1973.

Attorney(s) appearing for the Case

Loughlin Law Firm, Cherokee, for appellants.

Bradshaw, Fowler, Proctor & Fairgrave, Des Moines, for appellees.

Considered en banc.

HARRIS, Justice.

This appeal turns on our interpretation of "authorized to transact insurance in this state" as the term appeared in section 515B.2(4), The Code, 1971. Chapter 515B provides for the Iowa insurance guaranty association. The trial court held the term referred only to an insurer licensed by the state to do business in Iowa. We affirm.

Although never licensed to do business in Iowa, Trans Plains Casualty Company of Lubbock, Texas (Trans Plains...

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