Fort Worth life insurance attorneys and those in Dallas and Weatherford need to know what the requirements are in a policy. Texas Insurance Code, Section 1101.002(a), tells us life insurance policies must contain several prescribed provisions. These required provisions according to the Texas Insurance Code, generally include: (a) Section 1101.003…
Grand Prairie lawyers need to understand the legal purpose for insurance so that they can better advise clients about their cases. The purpose for insurance is to compensate for a loss. It is not a way of gambling. The United States Supreme Court said in 1866, that an insurable interest…
Fort Worth life insurance lawyers may already know some of this – but just in case, here goes. Life insurance pays a stated amount of benefits to the beneficiary upon the insured person’s death. The beneficiary is usually relatives but can be business partners and creditors. Usually, the policy has…
Dallas insurance lawyers need to be able to understand and explain what an “insurable interest” is when asked. A 1972, Amarillo Court of Appeals case helps explain an insurable interest. The style of the case is, North River Ins. Co. v. Fisher. Here is some information to know: This litigation…
Fort Worth insurance attorneys need to be able to advise a person whether or not they are entitled to recover under a policy of insurance. Just because a person has insurance does not mean they are automatically entitled to make a recovery on lost property. From a legal standpoint –…
Weatherford attorneys need to know the difference between “first party” insurance and “third party” insurance. So do attorneys in Willow Park, Aledo, Springtown, Milsap, Brock, Hudson Oaks, and all places in Parker County. A “first party” insurance policy usually involves insurance that provides policy benefits directly to the insured or…
Dallas insurance lawyers will run across situations where it is apparent an insurance agent does not have authority to do so of the things he is doing. So, what does this mean when trying to advise a client. Here is some information to know. An insurance company cannot escape liability…
Fort Worth insurance lawyers and those in North Richland Hills, Saginaw, Roanoke, Lake Worth, and other places around Tarrant County need to understand the authority of insurance agents and the legal responsibilities related to that authority. Courts have described actual authority this way: “Actual” authority, which includes both express and…
Dallas insurance attorneys need to know some basics about an examination under oath. Almost all insurance policies require that the insured submit to an examination under oath upon request. The Corpus Christi Court of Appeals issued an opinion in 2011, related to this issue. The style of the case is…
Fort Worth insurance lawyers need to be able to answer the above question. Texomashomepage.com published an article January 30, that would make you wonder about the answer. The title of the article is, “Woman Fights Back After Denied Coverage When Struck By Vehicle.” The article tells us that if you…