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FIRST LIFE ASSUR. CO. v. COUNTING HOUSE BANK

No. 25A03-8708-CV-212.

523 N.E.2d 437 (1988)

FIRST LIFE ASSURANCE COMPANY AND FIRST EQUITY SECURITY LIFE INSURANCE COMPANY, Defendants-Appellants, v. COUNTING HOUSE BANK, Plaintiff-Appellee.

Court of Appeals of Indiana, Third District.

Rehearing Denied July 25, 1988.

Attorney(s) appearing for the Case

Kenneth M. Waterman, Baker & Daniels & Shoaff, John H. Heiney, Rothberg, Gallmeyer, Fruechtenight & Logan, Fort Wayne, for defendants-appellants.

Alan D. Burke, Rochester, for plaintiff-appellee.

HOFFMAN, Judge.

Defendants-appellants First Life Assurance Company and First Equity Security Life Insurance Company appeal a $20,939.63 judgment awarded to plaintiff-appellee Counting House Bank.

The evidence relevant to this appeal discloses that the Bank's debtor, J. Robert Kelly, obtained credit life insurance through the Bank to secure a series of loans made by the Bank beginning March 7, 1981 through the time of Kelly's death by suicide on December 19...

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