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BANKERS & SHIPPERS INS. v. MERIDIAN NAVAL

No. 53796.

431 So.2d 1123 (1983)

BANKERS AND SHIPPERS INSURANCE COMPANY OF NEW YORK v. MERIDIAN NAVAL FEDERAL CREDIT UNION.

Supreme Court of Mississippi.

June 1, 1983.

Attorney(s) appearing for the Case

Wilbourn & Rogers and Don O. Rogers, Meridian, for appellant.

Bourdeaux & Jones, William C. Hammack and E. Gregory Snowden, Meridian, for appellee.

Before BROOM, HAWKINS and DAN M. LEE, JJ.

HAWKINS, Justice, for the Court:

Bankers and Shippers Insurance Company of New York, an insurance corporation of that state, appeals from a Lauderdale County Circuit Court judgment in favor of Meridian Naval Federal Credit Union, a Mississippi corporation.

The issue we address on this appeal is whether the insurance company was obligated to give notice to the credit union of the lapse of an insurance policy for nonpayment of a renewal premium by a borrower...

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