Graham v. Iowa National Mutual Insurance

The plaintiff advances this argument to support his contention that the liability policy obligates the defendant to satisfy his judgment against Davis:

1. The Motor Yehicle Safety and Financial Responsibility Act of 1947 required an insurance carrier issuing an owner’s policy of liability insurance upon an assigned risk to include within the coverage of the policy all motor vehicles owned by the insured and registered in his name.

2. When it issued the liability policy upon the 1940 Buiek car only, the defendant issued an owner’s policy of liability insurance upon an assigned risk. This being…