CIGNA Insurance Co. v. TPG Store, Inc.

KIDD, Justice.

This is a usury case. Appellee Kash Kar-ry, Inc., a predecessor in interest of TPG Store, Inc. (“Kash Karry”), sued appellants CIGNA Insurance Company and INAC Corporation for charging usurious interest on a premium finance agreement to purchase insurance policies for Kash Karry’s grocery business. The district court granted Kash Karry’s motion for summary judgment, and CIGNA and INAC appeal. We will affirm the judgment of the trial court.

THE CONTROVERSY

This suit arises from alleged usurious interest charges under a premium finance agreement entered into between Kash Karry and…