Olivine Corp. v. United Capitol Insurance

— We address the consequences of a requested cancellation of an insurance policy by a premium finance company. This policy had two named insureds, one of which had given the finance company a power of attorney to request cancellation of the policy in the event of nonpay*152ment of premiums. That insured also received notice of the requested cancellation. The other insured had not given the finance company a power of attorney, and was not notified of the requested cancellation. The question is whether the policy remains in effect for the benefit of the insured who received no notice and who did…