Fleming v. Torrey

PORTER, Justice.

Defendant, duly licensed to sell insurance in this state, became, on January 1, 1971, the agent for State Farm Insurance Company in Hot Springs. In August, 1971, plaintiff Fleming, a farmer-rancher in the area, purchased from defendant a State Farm liability insurance policy covering Fleming’s 1954 Ford 2 ton truck. Five weeks later the truck was in an accident, leading to a judgment against Fleming in favor of one Benton. Benton, as Fleming’s assignee, and Fleming sued defendant for $107,500, the balance remaining due on the Benton judgment after State Farm paid the $15,000…