First National Bank v. Mutual Trust Life Insurance

On September 24, 1985, plaintiff, First National Bank of Decatur, brought suit in the circuit court of Macon County against defendant, Mutual'Trust Life Insurance Company, seeking to recover as assignee of a policy of life insurance issued by defendant on the life of Angelo Drakos, who was then deceased. After a subsequent amendment, defendant moved to dismiss the amended complaint, and, after a hearing, the court dismissed the complaint in bar of action on January 16, 1986. Plaintiff’s subsequent motion for reconsideration or, in the alternative, for leave to file a second amended complaint…