MEMORANDUM DECISION
NICHOL, Chief Judge.
This case is presented for decision on stipulated facts.
Plaintiff, National American Insurance Company, a Nebraska corporation, on March 13, 1969, issued a fire insurance policy to L. J. Van Dyke and Van Dyke La Arc, Inc. It provided coverage on a portion of a wood-working plant located in Woonsocket, South Dakota. It extended over a period of three years, with the premium of $3732.00 to be paid on a deferred...
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