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…
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,…