Ocean Accident & Guarantee Corp. v. First Nat. Bank of Dickinson

LANE, Justice.

The Ocean Accident & Guarantee Corporation, Limited, issued to First National Bank of Dickinson, Tex., its certain standard form bank burglary and robbery policy for the sum of $15,000. The policy period was from May 23, 1931, to May 23, 1934. The liability contracted for by the provisions of sections 1 and 2 of the policy is as follows:

“I. To Pay the Assured for loss sustained by the assured or by the owner(s), by burglary of money and securities feloniously abstracted during the day or night, from within that part of any safe or vault to which the insurance under this…