Randall v. Travelers Casualty & Surety Co.

1 1 The United States Court of Appeals for the Tenth Circuit certified two first impression questions of Oklahoma law under the Revised Uniform Certification of Questions of Law Act, 20 0.98.2001 §§ 1601, et seq. As reformulated, 1 the questions ask:

Does the principle articulated in Alkire v. King, 1938 OK 282, 80 P.2d 309, that the assignment of a life insurance policy conveys to the assignee a right to policy proceeds although the insured's estate is the named beneficiary, apply to contracts generally?

May an insurer alter the right to assign rights under a settlement agreement by funding…