Clark Center, Inc. v. National Life & Accident Insurance

Paul Ward, Justice.

This is an appeal from a judgment denying the statutory penalty and attorney’s fee to the beneficiaries in an insurance policy. Set out below is a summary of the pertinent facts which are not in dispute.

Facts. Clark Center, Inc. (appellant) is a corporation whose stockholders, prior to March 19, 1967, were Millard M. Clark and his wife and their children. On the date above mentioned Millard M. Clark died. He was insured by National Life and Accident Insurance Company (appellee) under a policy which obligated it to pay appellant $47,664 if the insured died through accidental…