The wrongs committed by insurance companies would surprise most people. A person pays his premiums and maybe has friendly conversation with their agent and they figure that when they make a claim, the claim will be properly paid. While most insurance claims are handled without the need for lawyers to…
All parts of an insurance policy are important. An insured needs to understand what is contained in any policy he has. Texas laws assumes a person has read and understands the contents of his insurance policy. The insuring clause of a policy in the insurance company’s agreement to provide coverage…
Insurance policies are normally going to have a declarations page. This page will identify the insured, the policy limits, and times of coverage. The declarations page is to show the insured what the insurance policy covers. In determining the coverage provided by an insurance policy, always review the declarations page. …
The Claims Journal published an article January 18, 2018. It is titled, Insured Must Obtain Settlement Consent Where Policies Require It. The article discusses a case from the 9th Circuit Court and looks at California law. However, Texas law has the same laws as it relates to coverage. The article…
Life insurance lawyers know there are provisions that are illegal for an insurance company to put into a life insurance policy. These provisions are found in the Texas Insurance Code, Sections 1101.051 to 1101.055. Pursuant to these sections of the Texas Insurance Code, no life insurance policy may be issued…
Fort Worth life insurance lawyers see lots of situations where a person had a credit life policy. It is most often associated with the purchase of an automobile. There are specific laws in the Texas Insurance Code dealing with these types of policies. Section 1153.052, says that each individual policy…
Dallas life insurance lawyers know provisions that must be included in life insurance policies. The Texas Insurance Code, Section 1101.003(a), states that an insurance policies must contain several prescribed provisions. Pursuant to Section 1101.002(b), a single premium life insurance policy is not required to contain a provision under this sub-chapter…
Pursuant to the Texas Insurance Code, Section 1251.101, group accident, health, and accident and health insurance policies must contain several prescribed provisions that include the following: premiums due must be remitted on or before the due date by the premium payors as designated in the policy and within any specified…
According to the Fort Worth Court of Appeals opinion from 1995, styled, Truck Insurance Exchange v. Musick, insurance policies are normally issued on standard forms containing terms drafted by the insurance company. Keep in mind that Texas has standard automobile policy forms approved by the Texas Department of Insurance. For…
Without an insurable interest, an insurance contract is a gambling contract, and gambling contracts cannot legally be enforced. For example, David cannot insure Paul’s house in which David has no insurable interest, betting (gambling) the house will suffer a loss. If David could win this bet, he would receive a…