The Texas Prompt Payment Act in Austin
Insurance is a highly regulated industry in the state of Texas. If you are around Austin, then you need to understand the prompt payment requirements placed upon insurance companies. One might believe that all insurance companies are willing to deal fairly clients, especially to those who diligently pay into their policy. In exchange, you should receive benefits when you have to cash in on your policy. All too often, though, the insurance companies do not comply with their duty to act in good faith. When they delay, Texas law can protect you. If you end up in this tight spot, the attorneys at Zinda Law Group are willing to help.
John (Jack) Zinda
Founder / CEO
Over 100 years of combined experience representing injured victims across the country.
Available 24 / 7|Free ConsultationThe Texas Prompt Payment Act
Chapter 2251 of the Texas Government Code outlines the requirements for payment in the state. That law requires that payments be made within 30 days of their due date. One of the most important provisions of the law is that when an insurance company is late with its payment, it must pay interest charges. This is a powerful law that can act in the favor of consumers when insurance companies drag their feet on paying out a proper claim.
Jason Aldridge
Attorney
We have successfully represented clients in a wide variety of cases across the country.
Available 24 / 7|Free Consultation