Avemco Insurance Co. v. Northern Colorado Air Charter, Inc.

In May 1998, petitioner Avemeo Insurance Company ("Avemeo") filed this action against respondent Northern Colorado Air Charter, Inc. ("NCAC") seeking a declaratory judgment that Avemeo was not required to provide benefits under an aircraft insurance policy issued by Avermeo to NCAC in late 1997. Avemeo subsequently amended its complaint to assert that a mutual rescission had occurred. Avemeo then moved for summary judgment on all claims, including the claim of mutual rescission. The trial court granted summary judgment in Avemeo's favor on the issue of mutual rescission. The trial court held…