International Service Insurance v. Iowa National Mutual Insurance

The policy of liability insurance issued by Iowa to Piedmont Auto Finance Company affords coverage not only to Piedmont and its officers and agents but also to “any person while using an owned automobile . . •. provided the actual use of the automobile is by the named insured or with his permission. . . .”

Plaintiff contends (1) that the provisions of G.S. 20-72 (b) relating to transfer of ownership were not complied with until 28 May 1963, one day after the accident, so that ownership of the 1958 Ford remained in Piedmont until that date; and (2) that Piedmont gave “broad and unfettered…