Vaughn v. Standard Surety & Casualty Co.

Standard Surety & Casualty Com-.f pany issued a policy of insurahcé which covered-a flet§t, of trucks owned and operated by W. A. Smith. The policy provided:

“Standard Surety & Casualty Company of New York, does hereby agree with the Insured, named in the Declarations made a part hereof, in consideration of the payment of the premium and of the statements contained in the Declarations and subject to the limits of liability, exclusions, conditions and other terms of this policy:

“Insuring’ Agreements

“I. Coverage A — Bodily-Injury Liability: To pay. on behalf of the insured all sums which the…