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…
Does my potential new client have an insurable interest? That is a question insurance lawyers have to answer first when talking to someone who believes they are owed money on an insurance claim. As stated by the Dallas Court of Appeals in 1993, in the opinion styled, Jones v. Texas…
Weatherford insurance lawyers need to recognize “first party” policies when they see them. Here are some examples: The standard Texas Auto Policy covers accidental loss or damage to the covered auto. If an insured is involved in a single car accident resulting in property damage to the insured vehicle, the…
A question typically asked of Fort Worth Insurance Lawyers is, – What is the difference between a third party claim and a first party claim. A “first party” claim is usually a policy that typically involves insurance that provides policy benefits directly to the insured or beneficiary in the event…
The language in a disability policy is important to read and understand. The Courts will do so very closely. This is illustrated in a 2017, opinion from the U.S. 5th Circuit. It is styled, David M. Cox v. Provident Life & Accident Insurance Company. It is a summary judgement case…
Grand Prairie insurance lawyers need to be able to evaluate an insurance agent’s conduct to determine if the insurance company is liable for the agent’s conduct. An insurance company may be liable for unauthorized conduct of an agent or other person, if the insurance company ratifies the conduct. Ratification may…
Most experienced insurance attorneys in Dallas and Fort Worth can tell you the law in this area can be confusing, despite the relatively straightforward principles. Historically, there was a distinction between “recording” agents and “soliciting” agents. A recording agent had authority co-extensive with that of the company, so there was…