Employees Mutual Liability Ins. v. Puryear Wood Products Co.

Carretón Harris, Chief Justice.

This appeal relates to the construction of certain words appearing under the exclusions section in an insurance policy, the policy providing that it does not apply to property damage to:

“(2) property used by the insured, or(3) property in the care, custody or control of the insured or as to which the insured is for any purpose exercising physical control; ...”

According to the stipulation entered into by the parties to this litigation, Puryear Wood Products Company, Inc., appellee herein, hereafter called Puryear, operated a sawmill at Mitchellville, Desha…