Maryland American General Inurance Co. v. First State Bank of Bishop

OPINION

YOUNG, Justice.

This is a summary judgment case. This suit arose from a bank’s loss resulting from checks written by a customer who had insufficient funds on deposit. The First State Bank, Bishop, Texas, filed suit against Maryland American General Insurance Company and several other defendants and there alleged various theories of recovery relative to its loss. In that part of the suit against the insurance company, the bank alleged the loss was caused by a *58“dishonest, fraudulent or criminal act” of the bank’s president within the coverage of its Banker’s Blanket Bond issued by the…