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FDIC v. AMERICAN HOME ASSUR. CO.

No. 17295.

585 S.W.2d 756 (1979)

FDIC, receiver of Franklin Bank, Appellant, v. AMERICAN HOME ASSURANCE COMPANY, Appellee.

Court of Civil Appeals of Texas, Houston (1st Dist.).

Rehearing Denied June 28, 1979.

Attorney(s) appearing for the Case

Strasburger & Price, Frank L. Skillern, Jr., Royal H. Brin, Jr., Duncan L. Clore, Dallas, for appellant.

Woodard, Hall & Primm, Robert A. Hall, Bruce Powers, Houston, for appellee.

Before EVANS, WARREN and WALLACE, JJ.

WARREN, Justice.

Federal Deposit Insurance Corporation, Receiver of Franklin Bank, appeals from a declaratory judgment entered on a jury finding that American Home Assurance Company, appellee, had not refused to renew a policy of insurance.

In April, 1972, appellee issued to Franklin Bank a Directors and Officers Liability and Company Reimbursement Policy which according to its terms expired at 12:00 noon, Central Standard Time, on April 3, 1975. A renewal...

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