American Public Life Ins. Co. v. Stambaugh

JOY, Justice.

This is a suit on a life insurance policy brought by appellee on the death of her husband. From summary judgment granted for appellee, the defendant insurance company has appealed.

American Public Life Ins. Co., hereinafter called Public, entered into an agreement of reinsurance with American Educational Life Ins. Co., hereinafter called Educational, whereby Public assumed all liabilities and obligations pertaining to certain paid-up life insurance policies, among which was a paid-up policy on the life of Troy D. Stambaugh. In consideration for the assumption by Public of the…