Opinion ID: 1109550
Heading Depth: 1
Heading Rank: 3

Heading: is federated guaranty due any credit or setoff against its uninsured coverage?

Text: Early on, in its complaint for declaratory judgment, Federated Guaranty asks that it be allowed to offset payments from the tortfeasor's liability carrier to Cossitt in the event it became obligated under the uninsured motorist portion of Cossitt's policy. In other words, Federated Guaranty contended that any payments it may owe Cossitt under the uninsured motorist portion of her policy should be reduced by any payments made to Cossitt by the tortfeasor's liability carrier. The issue has long since become moot. Subsequent developments have shown that Cossitt has not received, nor will she receive, any payment from the tortfeasor's liability carrier because the available proceeds have been exhausted. Thus, there is nothing to apply in credit or offset, nor will there be. Further, a determination that Federated Guaranty is not obligated to pay under the uninsured motorist portion of Cossitt's policy moots the point as well. As a consequence, this issue is not properly before the court. Miss. Ass'n. of Educators v. Trustees JMSSD, 510 So.2d 123, 125-26 (Miss. 1987).