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Articles Posted in Life Insurance

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What Are Insurance First Party Policy’s?

What is a First Party claim versus a Third Party claim? A “first party” policy typically involves insurance that provides policy benefits directly to the insured or beneficiary in the event of a loss.  The Texas Insurance Code, Section 541.051(2) defines “first party claim” as a claim “by an insured…

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Life Insurance Claim Denial – Knowledge of Misrepresentation

Life insurance lawyers need to be know this 1990, opinion from the Texas Supreme Court.  It is styled, Koral Industries v. Security-Connecticut Life Insurance Co. It is not uncommon for a beneficiary of a life insurance policy to concede that misrepresentations regarding health were made on an application for life…

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Prompt Notice Must Be Given When Insurance Company Plans To Deny A Claim Based On A Misrepresentation

With regards to life insurance policies, what if the insurance company denies a claim for benefits based on their assertion that a misrepresentation was made in the policy application? This is covered by the Texas Insurance Code, Sections 705.001 to 705.005 and 705.101 to 705.105.  This is also addressed by…

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