INTERN. SURPLUS LINES INSURANCE v. ASSOC. COM. CORP.

85-969.

514 So.2d 1326 (1987)

INTERNATIONAL SURPLUS LINES INSURANCE COMPANY v. ASSOCIATES COMMERCIAL CORPORATION.

Supreme Court of Alabama.

October 2, 1987.


Attorney(s) appearing for the Case

William J. Donald III, of Donald, Randall, Donald & Hamner, Tuscaloosa, for appellant.

William B. Hairston, Jr., and William B. Hairston III, of Engel, Hairston, Moses & Johanson, Birmingham, for appellee.


ALMON, Justice.

This appeal involves the rights of a mortgagee under an insurance policy. The trial court granted declaratory judgment in favor of the insurer as against the insured and in favor of the insured's mortgagee as against the insurer and awarded the mortgagee a money judgment in the amount of $31,634.77. The only issue is whether a driver exclusion endorsement precludes recovery by the mortgagee, notwithstanding the mortgagee's status as a loss payee under...

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