Mid-States Insurance v. Claxton

1. Where an insurer agrees in an automobile casualty-insurance policy to pay any loss covered by the policy to two persons, a finance company and the purchaser of the automobile, as their interests may appear, the purchaser may maintain an action to recover for a loss covered by the terms of the policy. Johnson v. General Exchange Ins. Corp., 49 Ga. App. 780 (176 S. E. 840); Riley v. Federal Ins. Co., 60 Ga. App. 764 (5 S. E. 2d 246).

2. The question as to whether the finance company, to which is still owed a portion of the purchase price of the stolen automobile, is a necessary party to an…