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BUDGET PREMIUM CO. v. MOTOR WAYS, INC.

No. 85-1220.

400 N.W.2d 60 (1986)

BUDGET PREMIUM COMPANY, Plaintiff-Appellant, v. MOTOR WAYS, INC., Defendant-Appellee.

Court of Appeals of Iowa.

October 22, 1986.

Attorney(s) appearing for the Case

Harold C. Lounsberry, Davenport, for plaintiff-appellant.

Carlton G. Salmons of Austin & Gaudineer, Des Moines, for defendant-appellee.

Heard by DONIELSON, P.J., and SCHLEGEL and HAYDEN, JJ.

HAYDEN, Justice.

This appeal involves a dispute over the refund of an insurance premium. In April of 1977 the insured, Robert W. Fritz of Fritz and Sons Trucking, entered into a "Premium Financing Contract" with plaintiff. Bruce E. Hawkins of Walkup-Huhn Insurance was the issuing agent. Through this agreement Fritz and Sons Trucking borrowed money from plaintiff to purchase an insurance policy to cover its trucking business. The agreement gave plaintiff the right...

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