Opinion ID: 1711580
Heading Depth: 2
Heading Rank: 3

Heading: Conversion of Cash Surrender Values

Text: A party entitled to the cash surrender value of a life insurance policy has standing to sue for the conversion of the cash surrender value. See Crown Life, supra . Because the policies insuring James's life do not identify the owner or the person entitled to the cash surrender values, the Newsons could prove that they were entitled to these cash surrender values. Therefore we cannot hold that the Newsons can prove no set of facts entitling them to relief for conversion of the cash surrender values of the policies insuring James's life. Thus, we cannot, on the ground of lack of standing, affirm the dismissal of the Newsons' claims for the conversion of the cash surrender value of the policies insuring James's life. However, because the policy insuring Keyon's life provides that Keyon was entitled to the cash surrender value of that policy, the Newsons do not have standing to sue for the conversion of the cash surrender value of that policy. Therefore, we affirm the dismissal of the Newsons' claim for conversion of the cash surrender value of the policy insuring Keyon's life, because the Newsons did not have standing to assert that claim.