Walton v. Canal Insurance

TOAL, Justice:

In this declaratory judgment action, Canal Insurance Company (“Insurance Company”) has petitioned this Court to review the Court of Appeals’ finding of coverage under S.C.Code Ann. §§ 38-75-740 & -750 (1989). We affirm as modified.

Factual/Procedural Background

Insurance Company issued a policy to Carl Owens and Wayne Kinard (“Insured”) — who did business as Owens & Kinard Transport, Inc. — to cover six tractors and one semitrailer used in their pulpwood/logging business. The policy was effective from January 2, 1992 until January 2, 1993. On December 4, 1992, an employee of…