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INVESTORS HERITAGE LIFE INS. CO. v. COLSON

717 S.W.2d 840 (1986)

INVESTORS HERITAGE LIFE INSURANCE COMPANY, Appellant, v. Bill COLSON, Appellee. Bill COLSON, Appellant, v. John M. MAYER, Jr., Administrator of the Estate of Joseph E. Ballard, and Investors Heritage Life Insurance Company, Appellees.

Court of Appeals of Kentucky.

Rehearing Denied October 17, 1986.

Attorney(s) appearing for the Case

Stephen P. Imhoff, Borowitz & Goldsmith, Louisville, for appellant, Colson.

Joseph J. Leary, Frankfort, for appellant, Investors Heritage Life Ins. Co.

John M. Mayer, Jr., Hanger, Engebretson & Mayer, Clarksville, Ind., for appellee, Mayer.

Before CLAYTON, COOPER and LESTER, JJ.

LESTER, Judge.

This is an appeal from a judgment based upon a jury verdict finding an insurance agent liable for fraudulent misrepresentations as to the applicability of a credit life insurance policy. Investors Heritage Life Insurance also appeals from a judgment of the same court which granted the agent indemnification against the company.

In May of 1980, Joseph and Kathleen Ballard signed an installment credit contract to purchase a 1980 Ford Pinto. Included...

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