Legal Opinion
MFA Ins. Co. v. Citizens Nat. Bank of Hope
Supreme Court of Arkansas
Decided January 10, 1977No. 76-202PublishedCited by 14 opinions
1Opinion of the Court
Frank Holt, Justice.
In a suit on an insurance contract brought by appellee, the trial court, sitting as a jury, awarded appellee a judgment for $3,450, plus 6% interest, 12% penalty and $1,000 attorney’s fee. The insured (not a party here) had purchased an automobile with a loan from appellee bank which was named as loss payee on the policy. The purchaser made no payments and the appellee bank took possession after the automobile was damaged by fire. Appellant tendered payment for the damages based on the cost of repairs. Appellee refused and filed suit alleging it was entitled to recover the…
2Cases cited8 opinions
- Motors Ins. Corporation v. LopezSupreme Court of Arkansas · 1950
- Insured Lloyds v. MayoSupreme Court of Arkansas · 1968
- Home Insurance Company v. Springdale Motor Co.Supreme Court of Arkansas · 1940
- Southern Farm Bureau Casualty Ins. v. GaitherSupreme Court of Arkansas · 1964
- The Home Ins. Co. of New York v. WilliamsSupreme Court of Arkansas · 1940
3 more not listed; retrieve them via the Exa API.
3Cited by14 opinions
- Siegle v. Progressive Consumers Ins. Co.Supreme Court of Florida · 2002
- Schulmeyer v. State Farm Fire & Casualty Co.Supreme Court of South Carolina · 2003
- Carlton v. Trinity Universal Insurance Co., Texas Court of Appeals, 14th District (Houston)2000
- Allgood v. Meridian Security Insurance Co.Indiana Supreme Court · 2005
- Campbell v. Markel American Ins. Co.Louisiana Court of Appeal · 2001
9 more not listed; retrieve them via the Exa API.