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CANAL INS. CO. v. C.I.T. FINANCIAL SERVICES

No. 50191.

357 So.2d 308 (1978)

CANAL INSURANCE COMPANY v. C.I.T. FINANCIAL SERVICES CORPORATION et al.

Supreme Court of Mississippi.

Rehearing Denied April 26, 1978.

Attorney(s) appearing for the Case

Shell, Buford, Bufkin, Callicutt & Perry, K. Hayes Callicutt, Jackson, for appellant.

McDavid & Edmonson, Richard M. Edmonson, King & Spencer, Robert W. King, Henley, Lotterhos, Bennett & Sulser, Floyd M. Sulser, Jr., Jackson, for appellees.

Before SMITH, P.J., and BROOM, LEE and COFER, JJ.

BROOM, Justice, for the Court:

The chief aspect of this case concerns a clause in an insurance policy providing for "automatic insurance" upon the purchase of a newly acquired motor vehicle. The case was tried in the Chancery Court of the First Judicial District of Hinds County. C.I.T. Financial Services Corporation, Jerry L. Small and Lilla Small, d/b/a S & W Trucking Company, as parties complainant (C.I.T. and Smalls herein), sued Canal Insurance Company and...

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