Phelps County Bank v. Modern Security Life Insurance Co.

Plaintiff, as assignee of an insurance policy insuring the life of one Winfred Jenkins, sued defendant, the alleged insurer, for “judgment that said policy of insurance be adjudged to be in full force and effect and a valid and binding contract upon defendant.” Following trial to the court and after entering its “Findings of Fact, Conclusions of Law and Order,” the trial court on April 27, 1978, entered “Judgment”, the concluding paragraphs of which read: “WHEREFORE, It Is Ordered, adjudged and decreed by the Court that defendant’s policy of insurance number 118047 insuring the life of…