American Pioneer Life Insurance v. Turman

J. Fred Jones, Justice.

This is an appeal by American Pioneer Life Insurance Company, hereinafter called American, from a circuit court judgment in favor of Jean Turman, administratrix of the estate of William H. Adams, in a suit by the administratrix to recover on a credit life insurance certificate issued on the life of Adams.

The facts appear as follows: Mr. Adams was engaged in the business of farming and did business with the Mercantile Bank of Jonesboro. American had issued to the bank a master policy of group credit life insurance insuring the bank against nonpayment of loans made by the…