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Old American Insurance Co. v. Lincoln Factoring LLC

Court: Tx 2-Ft Worth  11/08/2018  Court Reverses and Renders Judgment for Life Insurer

A successor assignee of a life insurance policy lost a judgment in its favor because it did not have standing to assert a claim under the Prompt Payment of Claims Act nor did it sustain any independent injury that would allow recovery for statutory or common law bad faith.

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