I have a breach of contract and bad faith case that is pending against Bankers Life And Casualty Company. I recently discovered that Bankers did not take the required steps to actually void the policy. In South Carolina once a claim is submitted the insurer cannot simply state misrepresentation to avoid paying the policy. The insurer has to prove to a jury that the insured intently defrauded the insurance company. Bankers is also trying to avoid the bad faith damages by claiming that the defective denial letter they submitted triggered the statute of limitation a full 90 days before they issued a denial letter that explained the fraudulent information that was provided on the life insurance application. Instead of doing the right thing and resolve the issues, this company expects to pay absolutely nothing.
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