SWEENEY, J.
The sole issue raised by the instant case is whether the appellant, Michigan Mutual, is entitled to deduct, directly from the limits of its underinsured motorist coverage, the $12,500 paid to appellee Billy James by Globe American on behalf of Smith (an underinsured motorist). The appellant argues that it is entitled to such a deduction (or "setoff") pursuant to R.C. 3937.181(C) and the terms of the appellee's contract of insurance.
At the time...
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