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ST. PAUL REINSURANCE CO., INC. v. IRONS

No. 00-1478.

45 S.W.3d 366 (2001)

345 Ark. 187

ST. PAUL REINSURANCE CO., INC. v. Cheryl IRONS, Individually, and d/b/a Riverfront Phase II.

Supreme Court of Arkansas.

June 7, 2001.

Attorney(s) appearing for the Case

Matthews, Sanders & Sayes, by Marci Talbot Liles and Roy Gene Sanders, Little Rock, for appellant.

Bill R. Holloway, McGehee, for appellee.

DONALD L. CORBIN, Justice.

This case is before us on a petition for review from the Arkansas Court of Appeals. At issue, is whether an insurer is required to pay the full face value of an insurance policy, as provided under Arkansas's valued-policy statute, codified at Ark. Code Ann. § 23-88-101 (Repl.1999), where the insured obtained two separate insurance policies for one insurable interest. We agree with the court of appeals that this is an issue of first...

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