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CITIZENS STANDARD LIFE INSURANCE CO. v. MUNCY

No. 8459.

518 S.W.2d 391 (1974)

CITIZENS STANDARD LIFE INSURANCE COMPANY, Appellant, v. Clarence Archie MUNCY, Appellee.

Court of Civil Appeals of Texas, Amarillo.

December 31, 1974.

Attorney(s) appearing for the Case

Evans, Pharr, Trout & Jones, E. G. Pharr, Lubbock, for appellant.

Young & Green, Jack D. Young, Muleshoe, for appellee.

ROBINSON, Justice.

This is a suit for rescission, restitution, and exemplary damages for fraud in the inducement of the purchase of an annuity contract. Defendant insurance company appeals a judgment for plaintiff for $1,702.75 actual damages and $5,000 punitive damages as found by a jury. Judgment modified to rescind the annuity contract. As modified, affirmed in part, reversed and rendered in part.

The jury found...

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