Republic National Life Insurance Co. v. Spillars

WILSON, Justice.

Credit Life insurance governed by the provisions of Insurance Code Art. 3.S3, Vernon’s Annotated Texas Statutes is the subject matter of this cause. Judgment was rendered against the insurer in a non-jury trial. No findings or conclusions were filed.

A group creditors life policy was issued by appellant, effective July 1, 1960, to Farmers State Bank of Madisonville. in consideration of an original single premium paid by the bank. It provided initial life insurance coverage for all eligible debtors of the bank whose names and amounts of indebtedness were then submitted by the…