Dallas life insurance lawyers need to know the “slayer’s rule” regarding life insurance policies. This rule is written into law in Texas Insurance Code, Section 887.205. It says in part, “A beneficiary of a life insurance certificate forfeits the beneficiary’s interest in the certificate if the beneficiary is the principle…
Dallas life insurance attorneys need to know about the case issued by the Eastland Court of Appeals in 1981. Here is some relevant information: Pilot Life Insurance Company sought a judgment declaring that it had no duty to pay life insurance proceeds to Lawrence A. Koch because of the death…
Dallas insurance lawyers need to understand when a change of beneficiary is valid in a life insurance policy. A 1984, Texas Supreme Court case had this as an issue. Here is some relevant information about that case: Herschel Tomlinson, Sr. brought this suit against Sally O. Jones to recover $39,700…
Dallas life insurance lawyers have another old case to be aware of. This is a 1953, Texas Supreme Court case styled, Creighton et al. v. Barnes. Here is some relevant information to know on this case: Petitioners in this case, the mother, daughter and a sister of B. B. Barnes,…
Dallas life insurance attorneys need to know this 1967, case from the Texas Supreme Court. The style is McFarland v. Franklin Life Ins. Co. Here is the relevant info. This appeal involves an asserted right to recover a twelve per cent penalty and attorney’s fees under the Texas Prompt Payment…
Attorneys in Parker County and elsewhere need to have an understanding of the issues coming up surrounding the effective date of a life insurance policy. A 1980, Texas Supreme Court opinion gives some guidance on this issue. The style of the case is Life Insurance Company of the Southwest v.…
Grand Prairie insurance attorneys need to know what is prohibited to be put in a life insurance policy by an insurance company. The Texas Insurance Code has sections that say what some of these prohibitions are. Some of the more important sections are Texas Insurance Code, Sections 705.001 through 705.004.…
Fort Worth life insurance attorneys need to know the areas of dispute concerning life insurance policies. Life insurance coverage is pretty plain to understand. If the person whose life is covered under a life insurance policy dies, then the insurance company is to pay benefits to the named insured. Here…
Fort Worth life insurance attorneys should know this – but here goes with a reminder. The most common life insurance types are term, whole life, and universal life. “Term” life insurance policies simply provide a death benefit in return for a premium payment. At the end of the policy year,…
Fort Worth life insurance attorneys and those in Dallas and Weatherford need to know what the requirements are in a policy. Texas Insurance Code, Section 1101.002(a), tells us life insurance policies must contain several prescribed provisions. These required provisions according to the Texas Insurance Code, generally include: (a) Section 1101.003…