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Chris Curran was today's main speaker. His favorite topic is admittedly "me". He likes to talk about himself. He is nothing if not honest! He enjoys this group because it is a group of people that have taken charge of their own destiny. He was up late last night thinking about his speech (and taking care of his sick daughter). An Albert Brook's movie, Defending Your Life, came on. How that guy can play the love interest in any movie is a credit to his talent. He likens it to the talent in this group. "We are a lot alike." This struck him as strange. Especially a group of this size. We all decided to go into business for ourselves. How did we summons the courage and resources to do it? What we do is sometimes very, very lonely. We can be out there by ourselves. Being a part of MABE has helped him with that and is what he appreciates most about this group. Chris went into a discussion on insurance clauses... Many people are double covered under two different policies. You agree to allow one to be primary and one to be secondary when you sign on the dotted line. And the secondary doesn't give you your premium back! There is a new clause popping up that deals with this scenario. Gus Dekavallas gave more detail. To be safe, use someone in this group for your insurance. And make your insurance agent earn your money. Subrogation clauses are also coming up more often. A subrogation clause means Joe gets in accident, Chris helps him get his claim paid and then the insurance company tries to enforce a clause where they get reimbursed when Joe makes a recovery. Lawyers are working to get these clauses deemed void. They are void under Arizona law but not federal. Who supersedes who depends on your policy. Don't go near the stairs at the end of the day after you have had a few cocktails. Chris is on his third client that was injured while intoxicated. The insurance companies are now adding clauses that they won't cover claims for injuries caused while someone is intoxicated. It is still up in the air. There has been no litigation yet in Arizona. And if you are a smoker...Forget it! One more thing, life and disability policies are written differently. After two years the insurance company can't contest a claim. But now there are pending federal cases. An example of a case, an individual died outside the contestability period. The insurance company investigated and found the deceased had been convicted of a felony - He signed "no" on the contract. They denied the family's claim on the basis of misrepresentation. A jury will need to decide if the deceased knowingly committed fraud. Chris gets paid on the backend. He is chasing a lot of windmills right now. Someday
MetLife will shutter when they receive a notice on Chris
Curran's letterhead. He is a lawyer with all his
"ducks" in a row! | ||||||
