Metropolitan Life Insurance v. Doty

Opinion by

Keller, P. J.,

This appeal raises only a single question of law.

The appellant issued a policy of life insurance, insur ing the life of Gaetano Corrado, payable on his death to his estate. On his death, after deducting indebtedness due the insurance company, there was payable on the policy about $61,000. This was claimed by the Secretary of Banking as Beceiver of an insolvent bank to which Corrado had assigned the policy, with notice to the insurer, subject to the indebtedness due the insurer. The fund was also claimed by the Executors of Corrado’s will. Each claimant threatened suit.…