DC Electronics, Inc. v. Employers Modern Life Co.

The principal issue presented by this appeal is whether an insurance company (defendant Employers Modern Life Company (“Employers”)) is required by law to notify the owner of an insurance policy (plaintiff DC Electronics, Inc. (“DC”)) on the life of the owner’s employee (Donald J. Barrett (“Barrett”)) that the five-year term contract of insurance was about to expire and a premium was due in order to exercise an option to renew the existing policy or convert it into a new policy. We answer this question in the affirmative. We reverse the trial court’s decision to deny DC’s and Merchant’s 1…