[Download] "Clements v. Minnesota Life Insurance Co." by In the Court of Appeals for the First District of Texas # Book PDF Kindle ePub Free
eBook details
- Title: Clements v. Minnesota Life Insurance Co.
- Author : In the Court of Appeals for the First District of Texas
- Release Date : January 08, 2004
- Genre: Law,Books,Professional & Technical,
- Pages : * pages
- Size : 67 KB
Description
Appellant, Robert D. Clements, Jr. (Clements), sued appellee, Minnesota Life Insurance Company, in an action for the proceeds of his ex-wifes, Terry T. Clementss (Terrys), life insurance policy. Clements sought statutory damages under the Texas Insurance Code, and, among other things, prejudgment interest. In its final judgment, the trial court awarded $158,731.41 from policy funds and $17,900 in remaining funds to Clements and $2,100 to Minnesota Life for attorneys fees incurred to effectuate its interpleader. The trial court ordered that Clements create a trust fund for Clementss and Terrys daughter, Kelse Layne Clements (KLC), contribute to the trust a sum of money each year sufficient to purchase a $500,000, 15-year term life insurance policy for KLC, and pay all premiums on the policy. It also ordered that Clements place $10,000 in the Putnam College Advantage Program for the purpose of assisting KLC with college expenses. It further ordered that Minnesota Life pay $4,000 in ad litem fees.
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