Iowa National Mutual Insurance Company v. Gerald Minor McGhee

This is a declaratory judgment action in which Iowa National Mutual Insurance Company seeks relief from liability under its automobile liability insurance policy issued and delivered to Gerald Mc-Ghee under Virginia’s Assigned Risk Plan.

Iowa’s policy specifically described and covered McGhee’s Ford coupe as the sole insured vehicle. While the policy was in force McGhee purchased a 1961 Oldsmobile, transferred the license from the Ford to the Oldsmobile and, although retaining ownership and possession of the Ford which was parked on his premises, drove only the Oldsmobile until it was involved…