Peoples Life Insurance v. Community Bank

Harwell, Justice: *

Appellant alleges the trial court erred in granting respondent’s Motion to Strike the allegation of conversion and in granting respondent a nonsuit on the issue of negligence.

Appellant, a health, accident and life insurance company, entered into a contract with James M. Watt whereby he was to be a Managing General Agent with authority to solicit insurance on appellant’s behalf. Mr. Watt had an insurance agency under the name of Watt & Associates which represented other insurance companies as well as appellant. Under his written contract with appellant, he was to hold all…