Untitled Texas Attorney General Opinion

TEICATTORNEY GENERAL OF-TEXAS AUSTXN II.TEXAS GERAID C, MANN ATrOxauSY GIENEHAI. Honorable 0. P. Lockhart. Chairman, Board of Insurance Commissioners Austin, Texas Dear Sir: Opinion No. O-5559 Re: Would the use of the farm prdpotied by a statewlc% mutual astiessmeiit life.;health and accident'conipang, operating under the provisions of Articles 485gf and”5068-1, Vernon's~ Annotated Civil Statutes, be in violation of the laws reltiting-to insurable interest? And another question. Your letter of August 20, 1943, requesting the bpinion of this department on the questtons stated therein, is as follows: "A statewide nutual'assessment life, health and accident company, operating under the provL- slons of Articles 4859f ana 5068-1, R.C,S., ha3 submitted for the approval of this Department a proposed new family group policy form which con- tains the following wording: "ALL BENEFITS SHALL BE PAID AT THE DIRECTION OF TRE PRINCIPAL INSURED TO AT OR anv other funeral home. funeral director. OP undertaker to the extent of their interesfs'derlved by the furnishing of funeral merchandise and/or services in the burial of the insured. Any amount over and above that due and owing to the fun'ermel home, funeral director, or undertaker shall be paid to the principal insured.' "The benefits are payable in cash and will, in most cases be an amount in excess of $150.00. The so-called principal insured is, Fn fact, the beneficiary of the policy, as head of the family to be insured. If the original principal insured dies then another member of the family becomes the principal insured. Honorable 0. P. LOckhart, page 2 Q-5559 "The company proposes to sell the policy may .or may not through duly licensed agents who .,. 8. be in some'wag identified also witn tne particu- lar undertaker whose name is to be inserted in the blank space of the provision quoted. "Your opinion is respectfully requested as follows: "(1) 'Would the.use of this form in the manner contemplated be in violation of the laws relating to insurable interest? "(2) Would the effect of the policy be such t~hat the statewide company would be unlawfully Invading the field reserve&to burial associations, under .Sectlon 23 of Article 5068-11" The insurance company desiring to use the form or clause which is quoted in your letter is a statewide nnrtual assessment life, health and accident company, operating under the provisions of Articles 4859f and 5068-1, Vernon's Anno- tated Civil Statutes. Apparently the policy in which the proposed clause is to be inserted belonga to a class sometimes denominated in- dustrial insurance. "The purpose of this character of insurance seems to have for its object, not the creation of a fund to provide for the future support and main- tenance of the family or near relatives of the ln- sured having an insurable interest in his life, or to augment his estate, as oralnary life insurance does; but to provide a reasonable fund with which the insured may procure in his last sickness, which in many cases may be lingering in character, need- 'ingaid and assistance by way of nursing and medical attention, etc. and to secure a respectable and decent burial." (Metrolpolitan Life Insurance Com- pany vs. Nelson, 186 S.W. 520.) (Court of Appeals of Kentucky) An insurance policy containing a clause similar to the one under consideration was approved by the Commission ofAppeals of Texas In the case of Scott vs. American National Insurance Company 276 S.W. 643. The quoted clause under consldeyatioiiIs what is corn- monlg known as facility of payment clause , that is, the benefits Honorable 0. P. Lockhart, page 3 Q-5559 are paid directly to the party entitled to receive the same by virtue of having been designated both by the insurer and the in- sured as the party to receive said benefits by'vlrtue of having furnished certain services or undertaking certain obllgatlons of the prlnclpal Insured. With reference to the term "facility of payment clauses" it is stated in Texas Jurisprudence Vol. 24, page 779: ,., "Often inserted In lnaustrlal policies are so-called 'facility of payment' clauses whereby the insurer reserves the right to pay the Pnsur- ante to any person selected by it as equitably en- titled thereto. sunder such a clause which permits the Insurer to pay either to the beneficiary named in the policy or to any other-person appearing 'to be equitably entitled~thereto, payment may be made to another than the named beneficiary, providedhe Is equitably entitled thereto, as, for Instance, where he has pald the burial expenses.." (Also see Couch on Insurance Vol. 2, Section 311a; Scott vs. American National Insurance Company, supra; Ameri- can Citizen Labor & Protective Ins. bf Texas vs. Wesley, 9 S.W. 500; and Border Insurance Company VS. Monk, 103 s.w. (26) 825) We are familiar with the general rule that requires the beneficiary to have an insurable interest in the insured In ordinary life Insurance policies. (See Texas Jurisprudence Vol. 24, page 769 and the authorities cited therein) We a0 not believe"that it is necessary to pass upon the questlon whether or'not an insurable interest rmst exist forkit Is our opinion that such insurable interest does exist because under the'pollcy under consideration the principal insured Is the beneficiary. The question of insurability is not Involved insofar as the undertaker of the funeral home Is concerned. In view of the foregoing authorities it Is our opinion that your first question should be answered in the negative, and Is so answered. Your second question Is answered in the negative also. In connection with the answer to your second question It is to be noted that section 3 of Article 5068-1, Vernon's Annotated Civil Statutes merely provides that assoclatlons,'persons or corporations doing the business of providing burial or funeral benefits, where benefits are payable partly or wholly In merchan- dise or services not in excess of $150.00 and declared to be burial companies nust organize under the provisions of Chapter 274, Acts of the 41st Legislature. Under the policy under con- Honorable 0. P. Lockhart, page 4 Q -5559 sideration the insurance company proposes to pay the entire benefits in cash and in most instances the benefits will eirceed the sum of $150.00. The Insurance company does not propose to engage in the business of provialng burial or funeral benefits in any manner. The insurance company does not pay anythlng in merchandise'or services. The insurance company merely prdposes to pay In cash to the funeral home or undertaker Forcertain benefits rendered by the funeral home or undertaker at the di- rection of the principal Insured. Yours very truly ATTOFUiEYGENERAL OFTEXAS s/Ardell Williams Ardell~Wllliams Assistant AW:ff:wc APPROVED SEP 8, 1943 s/Gerald C. Mann ATTORNEY GENERAL OF TEXAS Approved Opinion Committee By s/%iB Chairman