State Investment Co. v. Cimarron Insurance Co.

The opinion of the court was delivered by

Wertz, J.:

This was an action by a finance company against an insurance company for the recovery of unearned premiums on some thirty canceled insurance policies which it financed. From a judgment in plaintiff’s favor, defendant appeals.

The pertinent facts follow: State Investment Company, appellee (hereinafter referred to as plaintiff or finance company), is a McPherson corporation engaged in the business of financing individual purchases of insurance policies. Cimarron Insurance Company, appellant (hereinafter referred to as defendant or insurance…