Fla. and Okla. Courts Uphold Right to Assign Benefits
Fla. and Okla. Courts Uphold Right to Assign Benefits Appellate courts in Florida and Oklahoma this week upheld the right of policyholders to assign their right to collect benefits from an insurance claim to contractors, reversing trial court rulings in favor of insurers. The Oklahoma Supreme Court on Wednesday reaffirmed a ruling it made in 1957: Contractual language that prohibits an insurance policy to be assigned to another does not bar a policyholder from assigning his or her right to collect from an insurance policy after a loss occurs. The Florida 3rd District Court of Appeals ruled Tu...
Source: claimsjournal.com