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Metropolitan Life Insurance Co. v. RSL Funding LLC

Court: Tx 14-Houston  02/02/2021  Court Reverses and Remands Dismissal of Life Insurer's Interpleader

The Court found that the trial court had erred when it dismissed a life insurer's interpleader action as moot because an arbitration decision regarding the respective rights of the insurer's annuitants and their assignees regarding the right to the proceeds of certain annuities did not resolve the dispute between the insurer and the assignees regarding the validity of anti-assignment clauses in the annuity contracts because the insurer was not a party to the arbitration.

life insurance, annuity, anti-assignment, assignment, interpleader, moot, jurisdiction

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