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What Kinds Of Companies Are Under The Prompt Pay Statute

Fort Worth insurance law attorneys need to know what insurance companies fall under the Prompt Pay statutes of the Texas Insurance Code. The Prompt Payment of Claims Act applies to all insurance companies, except those specifically exempted. The statute provides the following exemptions: 1) a stock life, health, or accident…

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Dallas insurance attorneys should know about the Prompt Payment of Claims Act

Dallas insurance attorneys should know about the Prompt Payment of Claims Act. It is found in Chapter 542 of the Texas Insurance Code. This statute imposes deadlines for an insurance company to acknowledge, investigate, and accept or reject a claim. An insurance company that violates the statute is liable for…

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What Happens When The Insured Does Not Submit To An Examination Under Oath?

Fort Worth insurance lawyers should know about insurance policy provisions that require an examination under oath (EUO). The Houston Court of Appeals [14th Dist.] issued an opinion in May 2013, that helps to understand the process. The style of the case is, Arman A. Shafighi v. Texas Farmers Insurance Company.…

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