Insurance Company, Agent Tell Texas High Court That Suit Over Premiums Is Barred

Mealey's (December 12, 2017, 2:42 PM EST) -- AUSTIN, Texas — An insured who transferred ownership of his three life insurance policies to a trustee has no grounds to sue over an alleged promise that he would no longer pay premiums after one lump payment as he relinquished his rights to the policy and his claims were released in a nationwide class action settlement, the insurer and its agent argue in an opening brief filed Oct. 2 in the Texas Supreme Court (The Rogers Agency, et al. v. Michael D. Lee, No. 17-0230, Texas Sup.)....