Sheriff v. Moore

Eberfiardt, Judge.

1. “Gross receipts,” as used in an insurance policy in providing a method of determining the premium to be paid, is not an ambiguous term. The words mean the whole, entire total receipts, as opposed to “net receipts.” Taylor v. Rosenthal, 308 Ky. 4 (213 SW2d 435). And under ordinary basic methods of handling accounts the term must be taken to include the whole total gross receipts without any deductions. Commonwealth v. Koppers Co., 397 Pa. 523 (156 A2d 328); Laclede Gas Co. v. City of St. Louis, 363 Mo. 842 (253 SW2d 832). And see N. Y. Life Ins. Co. v. Wright, 31 Ga. App.…