(DOWNLOAD) "Margarette D. Stone v. Southland National" by Supreme Court of Alabama * eBook PDF Kindle ePub Free
eBook details
- Title: Margarette D. Stone v. Southland National
- Author : Supreme Court of Alabama
- Release Date : January 18, 1991
- Genre: Law,Books,Professional & Technical,
- Pages : * pages
- Size : 64 KB
Description
Southland National Insurance Corporation ("Southland") filed an interpleader action, Rule 22, A.R.Civ.P., naming as defendants
Margarette D. Stone and James R. Smith. Southland deposited $50,000 with the trial court, which represented the proceeds from
a Southland insurance policy on the life of Judie Smith, James Smith's wife. Ms. Stone, Judie's mother, filed a counterclaim
against Southland, alleging, among other things, bad faith refusal to pay a claim, wantonness, and fraud in relation to its
handling of the proceeds from the life insurance policy. The trial court awarded the interpleaded funds to James Smith and
entered a summary judgment for Southland on Stone's counterclaim. Stone appeals from the judgment for Southland on her counterclaim;
the judgment regarding interpleader is not before us. In 1984, Southland issued James Smith a life insurance policy on his life that would pay $10,000 upon his death to his designated
beneficiary, Judie Smith. That policy contained a "rider" insuring Judie Smith's life, but no beneficiary was designated for
that insurance coverage.