Cuna Mutual Insurance Society v. Turner

Clark, Judge.

In this action on a life insurance policy, a verdict was rendered in favor of the beneficiary for $4,000 plus statutory penalty and attorney fees for bad faith. Following entry of judgment upon the verdict, the insurer appealed.

The insurance policy was issued by the insurer to the Circle 10 Federal Credit Union in Doraville, Georgia. The policy insured the lives of credit union members for "an amount equal to the Member’s insurable balance at the time of death... up to a maximum of $1,000.00...” A rider attached to the policy raised the maximum insurable balance to $2,000.…