Crown Life Insurance v. O'Dell

BRADLEY, Judge.

Insurer appeals from a judgment entered on a jury verdict in favor of plaintiff-insured. We hold that the trial court erred in denying insurer’s motion for directed verdict, and reverse.

The record indicates that in June 1976 plaintiff as vice-president of the Exchange Bank of Attalla (“the Bank”), was covered by the Bank’s group, long-term disability (“LTD”) insurance policy. From December 1972 to July 1, 1976 the Bank’s LTD policy was underwritten by Mutual Benefit Insurance Company. Upon being notified by Mutual Benefit of an increase in premium rates for the LTD policy, the…