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ALVERSON v. MINNESOTA MUTUAL LIFE INS. CO.

0593

287 S.C. 432 (1985)

339 S.E.2d 140

Margaret ALVERSON, formerly known as Margaret Masters, Respondent, v. The MINNESOTA MUTUAL LIFE INSURANCE COMPANY and Bankers Mortgage Corporation, formerly NCNB Mortgage Corporation, Appellants.

Court of Appeals of South Carolina.

Decided December 5, 1985.

Attorney(s) appearing for the Case

Edwin B. Parkinson, Jr. of Haynsworth, Perry, Bryant, Marion & Johnstone, Greenville, for appellants.

Barney O. Smith, Jr. and Rita M. McKinney of Lathan, Smith & Barbare, Greenville, for respondent.

Heard Oct. 17, 1985.

Decided Dec. 5, 1985.

SHAW, Judge:

Minnesota Mutual Life Insurance Co., and Bankers Mortgage Corporation, formerly NCNB Corporation, appeal the circuit court order requiring payment of policy proceeds to respondent Margaret Alverson, formerly known as Margaret Masters. We reverse.

On or about October 8, 1979, appellant insurance company issued a policy covering a mortgage of $18...

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