Lamb Rental Tools, Inc. v. Underwriters at Lloyd's London

SAMUEL, Judge.

This is an appeal by third party plaintiffs, defendants in suit, from a judgment main*97taining an exception of no cause of action and dismissing their third party demand.

The original suit seeks recovery under a retrospective penalty premium indemnity policy issued by the defendant Lloyd’s through its local agent, the other defendant Fisk. Those portions of the original petition which are pertinent to the issue involved in this appeal allege: In June, 1958 one of the plaintiffs obtained standard workmen’s compensation and liability coverage for a term of one year from American…