USABLE LIFE v. FOW

No. 91-197.

820 S.W.2d 453 (1991)

307 Ark. 379

USABLE LIFE, Appellant, v. Thelma FOW and Judith Bohannan Cole, Appellees.

Supreme Court of Arkansas.

December 16, 1991.


Attorney(s) appearing for the Case

Allan W. Home, Patrick Hollingsworth, Little Rock, for appellant.

Roy Gean, Jr., Fort Smith, for appellees.


HOLT, Chief Justice.

This case involves the payment of proceeds from a life insurance policy and the issue of whether the complaint in interpleader filed by the appellant, USAble Life, relieves it of liability for prejudgment interest, a statutory penalty, and attorneys' fees for its failure to make payment of the policy proceeds to the named policy beneficiaries within the 90 days prescribed by the policy.

USAble Life issued a $2,500.00 life insurance policy...

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