Stern v. Ins. Co. of North America

Full title: LAWRENCE STERN AND ROSALIND STERN, PLAINTIFFS-APPELLANTS, v. INSURANCE…

Court: Supreme Court of New Jersey

Date published: May 7, 1973

303 A.2d 883 (N.J. 1973)

303 A.2d 883

Opinion

Argued March 20, 1973 —

Decided May 7, 1973.

Appeal from the Superior Court, Appellate Division.

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.