An Examination Under Oath is a tool available to property insurers in adjusting Oklahoma insurance claims. The more typical term is the acronym (sometimes called “EUO”). Like many industries, insurance adjusters need to be able to communicate quickly. Just try
A first time real estate investor (REI) in a hurry to close the deal can make a costly insurance mistake. You wouldn’t think that it would happen, but it does. No one calls the insurance agent and makes arrangements for
It’s crucial to consult with an Oklahoma lawyer with experience in bad faith law in the initial stages of your claim. Oklahoma uses bad faith lawsuits to protect its citizens from inappropriate claim practices. Bad faith lawsuits are the tool
Experienced insurance adjusters know the phrase “bad faith”. The term is a short hand way to describe a lawsuit filed for the alleged violation of the implied duty of good faith and fair dealing. It is the legal duty imposed
Insurance covers all kinds of damaging events. Many people think about their home, car, boat, lake house, disability policy, life insurance, or business. However, insurance is available for all sorts of other things.
For instance, professional athletes insure their
For the filing fee of approximately $250, anyone can file a bad faith lawsuit. Just saying an insurance company acted in bad faith is not proof. Words are easy to say. Some people jump to the conclusion that there is
Bad faith is when the insurance company wrongfully refuses to pay a valid insurance claim. It is not a simple mistake during the claim. It is not a genuine dispute over the coverage or damages.
Bad faith isn’t present just
Oklahoma bad faith law protects the public from unscrupulous claim practices. The courts apply the common law precepts of good faith and fair dealing in order to fashion remedies. The laws balance the unequal bargaining position of the parties.
An
Bad faith under Oklahoma law only applies in certain situations. Not every dissatisfied claimant is entitled to sue under Oklahoma bad faith law.
Oklahoma bad faith is NOT:
* action by the underwriting department while underwriting a policy
* the
In Oklahoma, an insurance company has a legal duty to fairly pay claims. This duty is technically to act in good faith and with fair dealing. An insurance company that refuses to fairly pay claims can be sued for bad