Samaron Corp. v. United of Omaha Life Ins. Co.

Dist. Ct. did not err in granting defendant-insurance company’s motion for summary judgment in action by plaintiff alleging that defendant wrongfully distributed $1 million in death benefit proceeds from life insurance policy to third-party, who was not named as beneficiary of said policy. While defendant acknowledged its error in paying proceeds to third-party, record showed that corporation, as correct beneficiary of policy, waived its right to receive said proceeds, when it voted to give said proceeds to same third-party after corporation’s Bd. had been informed by said third-party that corporation was policy’s beneficiary.