Citizens Finance Co. v. Insurance Co. of St. Louis

Carlisle, Presiding Judge.

Insurance Company of St. Louis issued its policy of automobile collision insurance to Maurice Young on April 30, 1959, covering Young’s 1959 Mercury automobile, said policy bearing the No. DC 1 61 29 and issued by Joe Redwine Insurance Agency. Thereafter, on September 10, 1959, Young executed a “loan note and bill of sale” to Citizens Finance Company, Inc., of Cornelia, Georgia, conveying said automobile as security for the payment of a $1,200 loan. On the same date a loss payable clause “attached to and forming a part of policy No. DC 1 61 29” was issued by…