Florida Industrial Machinery, Inc. v. Executive Life Insurance Co.

BOOTH, Judge.

This cause is before us on appeal of a trial court order granting appellee’s motion for summary judgment and awarding appellants in excess of $200,000 under an insurance contract, and dismissing various other counts in appellant’s complaint. For the following reasons, we affirm in part and reverse in part.

The record reflects that appellants brought suit to collect $500,000 they claimed was due under a policy insuring the life of Robert A. Bean. Bean was one of three officers of appellant Florida Industrial Machinery, Inc. All three had mutually concluded that they needed to…