International Security Life Insurance Co. v. Finck

Summary

The Texas Supreme Court reversed the trial court's awards of actual and exemplary damages and the award of attorney fees, affirmed the judgment awarding the policy benefits, penalty and interest, and remanded for a determination of proper attorney fees. The Court held that the insurer was not liable for punitive damages because the soliciting agent lacked authority and the insurer showed no misconduct, and that the jury's award of attorney fees was unsupported by the statutory limitation.