Holloway v. Nationwide Mut. Ins. Co.

The plaintiffs have appealed from an adverse judgment of the Circuit Court. We reverse.

The appellee, Nationwide Mutual Insurance Company (hereinafter referred to as Nationwide), insured certain vehicles belonging to one of the appellants, Moses and Holloway Heating and Air Conditioning Company, Inc. (hereinafter Moses Holloway) under a "fleet policy." Moses Holloway, an Alabama corporation is the named insured in this fleet policy. The appellant M.R. Holloway owned over 95% of the stock of this corporation and his wife owned the rest of the stock.

On May 1, 1975, Paul Edward Holloway, the son…