Constitution Life Insurance v. M. D. Thompson & Son, Inc.

Conley Byrd, Justice.

The issue on this appeal is when appellant Constitution Life Insurance Company became liable on a $10,000 substandard risk life insurance contract between it and Vance M. Thompson. Appellee M. D. Thompson & Son, Inc., is the beneficiary. The trial court held that appellant was liable from the date Vance Thompson accepted appellant’s counteroffer and paid the premium. On appeal appellant contends that it is not liable because Thompson died before the policy was issued.

Buddy Hackett, appellant’s soliciting agent, testified that Vance Thompson carried a substantial amount of…