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DEALERS ACCEPTANCE CORP. v. UNITED PACIFIC INS. CO.

No. 4D99-1742.

763 So.2d 528 (2000)

DEALERS ACCEPTANCE CORPORATION, a Florida corporation, Appellant, v. UNITED PACIFIC INSURANCE COMPANY, a foreign corporation, Englewood Quality Motors, Inc., Richard B. Payne and Sherry L. Payne, Appellees.

District Court of Appeal of Florida, Fourth District.

July 26, 2000.

Attorney(s) appearing for the Case

Patrice A. Talisman of Hersch & Talisman, P.A., Miami, and Valle & Craig, P.A., Miami, for appellant.

W. Frank Greenleaf and Michael Jay Rune, II of Welbaum, Guernsey, Hingston, Greenleaf & Gregory, L.L.P., Coral Gables, for Appellee-United Pacific Insurance Company.

TAYLOR, J.

In this action to recover on a motor vehicle dealer's license bond, Dealers Acceptance Corporation appeals from a summary judgment entered in favor of United Pacific Insurance Company. We affirm the trial court's ruling that the retail installment sales finance company is not covered by the surety bond issued pursuant to section 320.27(1)(b), Florida Statutes.

United Pacific Insurance Company ("Union Pacific") issues surety bonds to motor vehicle...

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