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…
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Competing Beneficiaries Under Life Insurance Policy
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,…
Who Is The Life Insurance Beneficiary?
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…
Life Insurance Policy Effective Date
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.…
What Is Prohibited In A Life Insurance Policy?
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.…
Beneficiary Under A Fire Policy
Weatherford attorneys may run across a situation in a recent Waco Court of Appeals opinion. Here is what it tells us. The dispute in this case centers on who is entitled to insurance proceeds associated with a house that burned down. Taylor claims that she is entitled to the proceeds…
Life Insurance Disputes
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…
Life Insurance Attorneys
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,…
Your Duty To Co-operate After A Loss
Dallas insurance attorneys must know that when a person makes a claim for coverage under his own insurance policy, that the person has a duty to co-operate with the insurance company in their investigation of the claim. The insured is required by the policy to co-operate with the insurance company…
Insurance Policy Definitions and Damages
Grand Praire insurance law lawyers need to understand some of the definitions and interpretations of coverages in an auto insurance policy. So, what are some of the basic exclusions to collision and comprehensive coverage? To start, most policy’s exclude loss due to “wear and tear.” An insurance policy is not…