ANSCHUTZ AND ASSOCIATES v. Conley

CARMODY, Justice.

This is an appeal from a judgment of the district court of Valencia County. The plaintiff-appellee filed a suit against defendant-appellant, Conley Motor, seeking payment of unpaid insurance premiums. Conley Motor answered and filed a counterclaim alleging that as insurance broker for Conley, appellee had agreed to provide Conley with a bond insuring said company against fraudulent or dishonest acts of its employees; that Conley suffered a loss, due to fraudulent acts of one of its employees in embezzling automobile parts, and that the bonding company refused to pay the loss…