Insurance Co. of North America v. Lile

MONTGOMERY, Chief Justice.

Aubrey Lile and M. C. Shannon, partners, doing business as Lile-Shannon Motor Company, recovered judgment for $385 against the Insurance Company of North America for the alleged theft of a car. The insurance company has moved for an appeal and maintains that the loss came within an exclusion of its coverage under the policy.

The exclusion provision follows:

“7. Exclusions. This policy does not apply:

“(d) Under any Coverage — to loss resulting from either the Insured voluntarily parting with title and possession of any automobile if induced so to do *51by any fraudulent…