Legal Opinion
Commercial Union Insurance Co. v. Sneed
Tennessee Supreme Court
Decided October 11, 1976PublishedCited by 2 opinions
1Opinion of the Court
OPINION
FONES, Chief Justice.
We granted certiorari in this case limited to the issue relating to the imposition of the bad faith penalty of twenty-five (25%) percent, as provided in T.C.A. § 56-1105(A).
*944I.
The issue that precipitated this litigation, as stated by the Court of Appeals is:
“When there is in force on the same property a valued insurance policy and an open policy, are the prorata payment provisions recognized or does the valued policy law foreclose proration of the loss?”
The question presented is one of first impression in this State and we are in agreement with the disposition…
2Cases cited7 opinions
- Dugger v. Insurance Co.Tennessee Supreme Court · 1895
- Hensley v. Farm Bureau Mutual Ins. Co. of ArkansasSupreme Court of Arkansas · 1967
- Riddick v. Yorkshire InsuranceTennessee Supreme Court · 1932
- Newark Fire Ins. Co. v. MartineauCourt of Appeals of Tennessee · 1943
- MILLERS'MUTUAL INSURANCE ASS'N OF ILL. v. La PotaDistrict Court of Appeal of Florida · 1967
2 more not listed; retrieve them via the Exa API.
3Cited by2 opinions
- Greer v. Shelby Mutual Insurance Co.Court of Appeals of Tennessee · 1983
- Steadfast Investments and Properties, LLC v. AmGUARD Insurance CompanyDistrict Court, W.D. Tennessee · 2023