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FARMERS STATE BANK v. WESTERN NAT. MUT.

No. C9-89-1787.

454 N.W.2d 651 (1990)

FARMERS STATE BANK OF RUSSELL, Respondent, v. WESTERN NATIONAL MUTUAL INSURANCE COMPANY, Appellant.

Court of Appeals of Minnesota.

May 1, 1990.

Attorney(s) appearing for the Case

Leland Bush, Tyler, for respondent.

Robert L. Gjorvad, Runchey, Louwagie & Wellman, Marshall, for appellant.

Considered and decided by CRIPPEN, P.J., and GARDEBRING and SCHULTZ, JJ.

OPINION

HAROLD W. SCHULTZ, Acting Judge.*

Appellant Western National Mutual Insurance Company challenges a judgment obligating it to reimburse Farmers State Bank as the loss payee on an insurance policy. The trial court found that an insurer is entitled to rescind the policy coverage as to the insured but is obligated to continue coverage for the loss payee who is innocent of any misrepresentations...

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