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GREAT COM. LIFE INS. CO. v. OLTON STATE BANK

No. 9131.

607 S.W.2d 604 (1980)

GREAT COMMONWEALTH LIFE INSURANCE COMPANY, Appellant, v. OLTON STATE BANK, Appellee.

Court of Civil Appeals of Texas, Amarillo.

Rehearing Denied October 22, 1980.

Attorney(s) appearing for the Case

Jones, Trout, Flygare, Moody & Brown, James L. Wharton, Lubbock, for appellant.

Kirby, Ratliff, Sansom, Manning & Greak, Louis M. Ratliff, Jr., Littlefield, for appellee.

REYNOLDS, Chief Justice.

Great Commonwealth Life Insurance Company challenges its adjudged liability for the credit life insurance coverage issued to J. M. Kendrick, now deceased, who was a bank debtor by virtue of loan advances made pursuant to a master loan commitment. The challenges are that the coverage issued violated the Texas Insurance Code and the master policy which limit credit life insurance to an isolated loan transaction. Concluding that the coverage...

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