Dallas life insurance attorneys need to know about the incontestability clause in life insurance contracts. What most people don’t know is that life insurance policies must contain an incontestability clause. This is a paragraph that says the policy will be incontestable after it has been in force during the lifetime…
Dallas life insurance attorneys need to read and know this 1986, Amarillo Court of Appeals case. It is styled, Southern Farm Bureau Life Insurance Co v. Dettle. Here is some relevant information: Southern Farm is appealing from a trial court finding in favor or Dettle. The controversy arose from the…
Dallas life insurance lawyers need to be aware of this 1981, Eastland Court of Appeals case. The style is Pilot Life Insurance Company v. Koch. Here is some of the relevant information: This is a declaratory judgment case. Pilot Life sought a judgment declaring that it had no duty to…
Arlington life insurance attorneys need to have this 1967, Texas Supreme Court case, at hand in case the need for it arises. The style of the case is, McFarland v. Franklin Life Insurance Company. Here is the relevant information. In 1950, Franklin Life issued a policy of insurance on the…
Fort Worth life insurance attorneys need to understand the 1980, Texas Supreme Court case, Life Ins. Co. of the Southwest v. Overstreet. Here is some relevant background information. In February, 1972, Overstreet submitted his application to Southwest to convert a five-year term life policy to a life insurance policy with…
Fort Worth life insurance lawyers need to know about these sections of the Texas Insurance Code that prohibit certain limitations in a life insurance policy. Here’s the first one to know: Texas Insurance Code, Section 1101.053. This sections says that “A life insurance policy may not include a provision that…
Dallas Life Insurance lawyers need to know this case. The case is styled Wilke v. Finn et al. It is a 1931, that was approved by the Texas Court of Appeals. Here is some relevant information. The Metropolitan Life Insurance Company, on December 31, 1923, issued to Herman Finn a…
Fort Worth insurance lawyers need to be able to advise clients when it is appropriate for them to be named beneficiaries in an insurance policies. A 1942, Texas Court of Appeals case styled, Drane v. Jefferson Standard Life Ins. Co. et. is good for guidance. Here is some relevant information.…
Dallas life insurance attorneys need to understand the difference between life insurance and betting when life insurance is obtained in a business setting. A1998, Houston (14th) Court of Appeals case gives some guidance. The style of the case is, Tamez v. Certain Underwriters at Lloyd’s. Here is some relevant information.…
Dallas life insurance lawyers need to know a basic rule of life insurance. This rule is the designated beneficiary must have an insurable interest in the life of the insured. Beginning in an 1894 case, the Texas Supreme Court has said many times that it is well settled that a…