Title: Stern v. Ins. Co. of North America

State: new-jersey

Issuer: New Jersey Supreme Court

Document:

62 N.J. 582 (1973) 303 A.2d 883 LAWRENCE STERN AND ROSALIND STERN, PLAINTIFFS-APPELLANTS, v. INSURANCE COMPANY OF NORTH AMERICA, DEFENDANT-RESPONDENT. The Supreme Court of New Jersey. Argued March 20, 1973. Decided May 7, 1973. Mr. Marvin A. Sachs, argued the cause for plaintiffs-appellants. (Messrs. Feuerstein, Sachs & Maitlin, attorneys; Mr. Leonard Rosenstein, of counsel.) Mr. David P. Loughran argued the cause for defendant-respondent (Messrs. Sutton, Ward, Sutton, Heim & O'Malley, attorneys; Mr. David P. Loughran, on the brief.) PER CURIAM. The issue in this case is whether an exclusion of a "business pursuit" in an insurance liability policy includes service as an "outside" director of a bank. The trial court and the Appellate Division found that such service was within the exclusion. We agree. For affirmance Chief Justice WEINTRAUB, Justices JACOBS, PROCTOR, HALL, MOUNTAIN and SULLIVAN, and Judge CONFORD 7. For reversal None.