Lumbermen's Underwriting Alliance v. First National Bank & Trust Co.

Quillian, Judge.

Counsel for the plaintiff and for the defendant seem to be in agreement that the ultimate and sole issue before this court, as was the situation before the trial court, is whether the defendant, Lumbermen’s Underwriting Alliance, is liable to the plaintiff, First National Bank & Trust Company in Macon, as mortgagee by endorsement on the policy, under the terms of Code § 56-706, which reads as follows: “The several insurance companies of this State and foreign insurance companies doing business in this State in all cases when a loss shall occur and they shall refuse to pay the…