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9 Jul 2013, 7:08 am by Mark S. Humphreys
Dallas insurance attorneys should know examples of the ways insurance companies commit bad faith insurance code violations with their insured customers. [read post]
4 Oct 2013, 12:40 pm
Therefore, the revised Insurance Act, SBC 2012, c. 37 has been issued a new citation and chapter number - it is now the Insurance Act, RSBC 2012, c. 1. [read post]
16 Jun 2012, 7:30 am by Mark S. Humphreys
The policy provision in question stated: Coverage C -- Medical Payments. [read post]
21 Jun 2022, 9:38 am by Michael deBarros
June 1, 2022), at issue was whether, under Louisiana law, an insurer of a commercial general liability policy (“CGL policy”) has a duty to reimburse its additional insured’s “pre-tender” defense costs when: (a) the insurer agreed to defend the additional insured under a reservation of rights; (b) the insurer did not expressly state in its communications to the additional insured that it would not reimburse… [read post]
8 Apr 2010, 6:49 am by Mark S. Humphreys
He will tell you some of the following: A plaintiff who prevails against an insurance company may obtain: a) actual damages b) additional damages if the insurance company acted knowingly c) court costs d) attorney's fees e) other monies depending on the wrongful act This article will deal just with one potential recovery, that being, the actual damages. [read post]
2 Aug 2016, 6:05 am by Mark S. Humphreys
It is an unfair method of competition or an unfair or deceptive act or practice in the business of insurance to: (1) make, issue, or circulate or cause to be made, issued, or circulated an estimate, illustration, circular, or statement misrepresenting with respect to a policy issued or to be issued: (A) the terms of the policy; (B) the benefits or advantages promised by the policy; or (C) the dividends or share of surplus to be received on the policy; (2) make a… [read post]
28 Oct 2010, 10:50 am by Mark S. Humphreys
(c) If an exchange or conversion is made under Subsection (b) and the newly written policy or contract is issued as of a date earlier than the date of the application for exchange or conversion, the amount of life or endowment insurance or annuity provided under the newly written policy or contract may not exceed the greater of: (1) the amount that the premium paid for the original policy or contract would have purchased on the plan of the newly written policy or contract… [read post]
23 May 2015, 6:42 am by Mark S. Humphreys
However, the Texas Insurance Code has specific statutes that are helpful for insurance lawyers. [read post]
26 Jul 2009, 9:55 am
B pays D compensation for structured settlement annuity business placed with XYZ (and other insurance companies) that D, or any of its employees (such as C) refers to B (that B then refers to A for placement). [read post]
16 Jun 2016, 4:00 am by The Public Employment Law Press
These rules shall apply to insurers and self-insurers, and the term insurer, as used in this section, shall include both insurers and self-insurers as those terms are defined in this Part and article 51 of the Insurance Law, the Motor Vehicle Accident Indemnification Corporation (MVAIC), pursuant to section 5221(b) of the Insurance Law and any company or corporation providing insurance pursuant to section 5103(g) of the… [read post]
26 Feb 2015, 4:22 am by Mark S. Humphreys
The actual authority is authority the principle intentionally confers; c. [read post]
24 May 2019, 7:33 am by VPM Legal
  Side B reimburses the company when it indemnifies the individuals. [read post]
5 May 2009, 6:24 am
When purchasing insurance coverage (whether homeowners or auto), of course, price is an issue, but ultimately, whether you are unnecessarily dragged into a lawsuit if your insurance company acts in bad faith may depend upon these ratings: Chubb ACrum & Forster ATravelers B+Zurich B+American International (their subsidiaries) BAmica BSafeco BLiberty Mutual B-First Floridian C+Nationwide C+Hartford C+State Farm… [read post]
28 Feb 2017, 12:00 pm by admin
My clients are shocked to learn that (a) people actually drive cars with no insurance – as in 0 insurance; (b) they were hit and injured by someone with a basic policy of only $25,000.00 of coverage (the minimum in Illinois at this time); and/or (c) the other person’s insurance was just “rescinded” for fraud or misrepresentation in taking out the policy (aka – again – no insurance!). [read post]
13 Nov 2017, 6:27 am by Christopher M. Cobb, Esq.
(c) Name of Insured must reflect the exact name of the business organization qualified by the applicant, and the insured’s fictitious name or d/b/a, if any. [read post]
7 Feb 2020, 12:25 pm by Currin Compliance Services
But we failed to recognize at the time that the changes meant that some previously approved C-trigger chronic illness riders would need to be refiled to include new disclosure language on the first page.This appears contrary to the Department’s statement in the State Administrative Procedure Act (SAPA) document, where they indicated:‘For insurers who only offer accelerated death benefits pursuant to IL sections 1113(a)(1)(A), (B), and (C) there would… [read post]
28 Feb 2013, 8:44 am by Mark S. Humphreys
This is found in Texas Insurance Code, Sections 4001.051(c) and 4001.053. [read post]