Insurance Co. of North America v. Bechtel

Opinion

THOMPSON, J.

This action involves a group disability insurance policy issued by appellant Insurance Company of North America at the request of respondent California Time Petroleum, Inc., insuring certain of its key employees. Appellants seek review of a judgment of the trial court which: (1) upholds portions of the policy which provide on their face that the entire death benefit is payable to the estate of a deceased insured employee against appellants’ claim that such portions should be reformed for mutual mistake to provide that one-half the death benefit is payable to the employer…