Parker County lawyers who handle insurance cases need to know some of the duties imposed on insurance companies when handling a claim for benefits. The Texas Prompt Payment of Claims Act is found in the Texas Insurance Code. It details the duties imposed on an insurance company when a claim…
Parker County attorneys who deal with insurance companies need to understand the obligations of insureds making a claim. Though an insured may end up doing many things, the actions are boiled down to two basic duties: 1) to give the insurance company notice of the claim; and 2) to give…
A Fort Worth insurance attorney will want to know about specific cases and the way the courts handled the cases. Here is an example of a case that is not seen very often. The style of the case is, Bekins Moving & Storage Co. v. Williams. This is a Texarkana…
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…
Fort Worth insurance lawyers should be able to discuss with their clients when a claim is not being paid timely and who can hold the insurance company for failing to pay the claim in a timely manner. Under the Prompt Payment of Claims statutes, Section 542.051 tells us a “claimant”…
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…
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.…
Mineral Wells attorneys who handle insurance claims need to be aware of the laws regarding the payment of insurance claims. The Texas Insurance Code, Sections 542.051 – 542.061 is known as the Prompt Payment of Claims Act. These sections detail the time limits insurance companies have for responding to and…
Fort Worth insurance lawyers and those in Lake Worth, Saginaw, North Richland Hills, and other parts of Tarrant County need to know the rules governing how an insurance company is suppose to pay a claim. The Insurance Law Section of the State Bar of Texas published an article that is…
Fort Worth insurance attorneys and those in Arlington, Burleson, Benbrook, Grapevine, Saginaw, Lake Worth, Crowley, and other places in Tarrant County need to know when an insurance company can be held liable for a delay in paying a claim. The Texas Supreme Court issued an opinion in 2004, that deals…