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  5. 681 S.W.2d 593 (1984)
 

KELLY ASSOCIATES v. AETNA CAS. AND SUR. CO.

No. C-2794.

681 S.W.2d 593 (1984)

KELLY ASSOCIATES, LTD., Petitioner, v. The AETNA CASUALTY AND SURETY COMPANY, Respondent.

Supreme Court of Texas.

On Rehearing October 31, 1984.

Attorney(s) appearing for the Case

Bankston, McDowell & Olivier, D. Craig Olivier and John T. McDowell, Houston, for petitioner.

Fulbright & Jaworski, Osborne J. Dykes and Roger Townsend, Houston, for respondent.

McGEE, Justice.

This is a summary judgment case involving the interpretation of certain terms in a stockbroker's blanket fidelity bond. Kelly Associates, Ltd., sued its insurer, the Aetna Casualty and Surety Company, after Aetna refused payment on a claim made under Kelly's blanket bond. Both parties moved for summary judgment. The trial court denied Kelly's motion and granted Aetna's motion that Kelly take nothing by its suit. The court of appeals affirmed the trial...

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