Transamerica Insurance v. Carter County State Bank

MEMORANDUM

LIMBAUGH, District Judge.

Plaintiff has filed for declaratory relief against defendant alleging that it is not liable to the defendant, as a loss payee under an insurance policy mortgage clause, because the defendant has breached certain policy provisions. Specifically, plaintiff alleges that defendant has failed to allow an inspection of records related to the fire loss in question, its officers have refused to answer material questions during their depositions regarding the defendant’s relationship with the insured, has refused to cooperate in the investigation of the insurance…