Life Insurance Lawyers need to be aware of Texas Insurance Code, Section 705.005. This statute says in relevant part that an insurance company may use as a defense a misrepresentation made in the application for or in obtaining an insurance policy only if the insurance company shows at trial that…
What if a life insurance company denies a claim for life insurance benefits based on their contention that the insured committed suicide? A 1982, opinion from the 14th District Court of Appeals styled, Parchman v. United Liberty Life Insurance Company, correctly states that life insurance policies typically exclude suicide as…
Life insurance claims attorneys have information about how life insurance claims should be handled that is valuable to someone who believes they have been wronged by an insurance company. It will occasionally happen that the life insurance company pays the wrong person as the beneficiary of the policy. Texas Supreme…
To be able to recover from a life insurance policy a person has to be named as a beneficiary, the majority of the time. However, even if a person is named as a beneficiary they still have to have an insurable interest in the deceased to be able to recover.…
Experienced Life Insurance Attorneys need to understand the areas of dispute that arise in the context of life insurance. Life insurance is fairly straightforward. If the insured dies during the policy term, the insurance company pays the benefits. The following are some ways that disputes may arise. a. The life…
Life Insurance lawyers who read this Blog, or for that matter, anybody who reads this Blog eventually learns that there are many wrongs an insurance agent will commit to get a sale. Most of their income from an insurance company is based on getting a percentage of the premiums. In…
Life insurance lawyers need to be aware of the common types of life insurance. Common life insurance types are term, whole life, and universal life. “Term” policies simply provide a death benefit in return for a premium payment. at the end of the policy year, or “term,” the insurance ends,…
Life Insurance Lawyers need to start out with some basic knowledge. This Blog site provides a lot of information that is vital to know when a life insurance claim is being denied. Here is some very elementary information. Life insurance pays a stated amount of benefits to the beneficiary upon…
The Amarillo Court of Appeals issued an opinion on August 24, 2021, that is important to anyone having a life insurance claim denied due to an allegation that there was a misrepresentation made in the insurance application. The style of the opinion is, Arce v. American National Insurance Company. In…
Life Insurance Attorneys can discuss the present state of the law in Texas as it relates to life insurance policies that are governed by State Law. However, as of the date of this post, there is a new case in the Texas Supreme Court which may change the law or…