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SUMMIT INS. CO. v. CENTRAL NAT. BANK, ETC.

No. 17950.

624 S.W.2d 222 (1981)

SUMMIT INSURANCE COMPANY OF NEW YORK, Appellant, v. CENTRAL NATIONAL BANK OF HOUSTON, Appellee.

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

Rehearing Denied September 3, 1981.

Attorney(s) appearing for the Case

Fulbright & Jaworski, Owen W. Cecil and Regan W. Simpson, Houston, for appellant.

Bracewell & Patterson, Robert L. Rouner, James P. Keenan, Houston, for appellee.

Before COLEMAN, C. J., and PEDEN and SMITH, JJ.

COLEMAN, Chief Justice.

This is an appeal from a summary judgment granted in a suit involving an interpretation of a letter of credit issued by Central National Bank of Houston (CNB) addressed to Summit Insurance Company of New York (Summit) on behalf of Shelter Insurance Corporation (Shelter).

In answer to a petition filed by CNB for a declaratory judgment interpreting the letter of credit, Thomas A. Harnett, Superintendent of Insurance of the State of New...

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