Estate Administrator: Insurer’s Auto-Withdrawals Created A New Policy Date

Mealey's (October 11, 2016, 10:48 AM EDT) -- PHILADELPHIA — The Third Circuit U.S. Court of Appeals is scheduled to hear oral arguments on Nov. 4 in an appeal in which the administrator of an insured’s estate argues that the insurer’s withdrawal of automated payments on a date approximately two weeks after the policy’s due date creates a new due date that resulted in a grace period that should have commenced on the date payments were regularly withdrawn (Nicole Moll, Administrator of the Estate of Paul L. Robbins, III v. Pruco Life Insurance Company, No. 16-1614, 3rd Cir.)....