A Progressive policy issued in Oklahoma was targeted to non-duplication of benefits in single vehicle accidents. The Progressive policy excluded coverage for bodily injuries sustained by an insured where liability coverage for the bodily injury was in an amount equal...
Month: February 2022
ILLUSORY INSURANCE STATUTE?
In a surprising ruling, the New Mexico Supreme Court deemed that insurance companies were not permitted to charge a premium for minimal underinsured motorist coverage unless the insurer’s policy disclosed that the coverage was illusory. In this case the insured...