Paulsen Street Investors v. EBCO General Agencies

Eldridge, Judge.

Appellant Paulsen Street Investors, a Georgia limited partnership, was created on November 1, 1990, for the purpose of lending money to Agency Premium Finance Company (APF) to finance automobile premiums for insurance policies written by Bill Williams, Inc. Bill Williams, Inc. placed the automobile liability policies through appellees CNL/Insurance America, Inc. (CNL), EBCO General Agencies (EBCO), and Insurance Services Underwriters, Inc. (ISU). Periodically, insureds would fail to pay their monthly payments under the premium financing agreement and APF would give notice of…