OPINION
HATHAWAY, Judge.
This is an appeal from a superior court order setting aside a $353,000 default judgment against appellees, foreign insurance companies named in the security endorsement to a policy of insurance issued to appellants by Bayly, Martin and Faye Aviation Insurance Services, Inc., on behalf of the appellees. The policy provided aircraft hull and liability insurance to Mr. Smith and included a loss payable clause to New Mexico Bank &...
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