First Pyramid Life Insurance Co. of America v. Stoltz

Jack Holt, Jr., Chief Justice.

The focus in this appeal is whether fraudulent concealment was proven by the Estate of J.P. Stoltz (“Estate”) in order to toll the statute of limitations on its claim against the appellant, First Pyramid Life Insurance. We hold that the limitations period was not tolled. Thus, we reverse the finding of the trial court.

The facts leading up to this controversy are as follows. In 1975, J.P. Stoltz applied for life insurance with the appellant, First Pyramid Life Insurance (“First Pyramid”). Since Mr. Stoltz had health problems, he was heavily rated for insurance.…