Opinion ID: 1791881
Heading Depth: 1
Heading Rank: 5

Heading: Improper Placement of Hancock Bank as Disability Insurer

Text: Hancock Bank contends it was improperly placed in the position of disability insurer given that Mr. Travis merely signed his name on a loan closing form next to a space which stated I want credit life and disability insurance., no terms, conditions or premium for such coverage were quoted to Mr. Travis by the bank, no disability premium was paid or collected, no insurance application was submitted by Mr. Travis to any insurer and no disability insurance policy was issued to Mr. Travis. The Travises contend that an agreement to procure insurance existed between them and the bank and they are seeking to recover under the theories of breach of contract or principles of negligence. Again we note that Hancock Bank pled its liability for disability benefits. As pointed out above, although we have not directly found liability on facts on all fours with those presented here, the clear weight of authority supports that liability. This contention is without merit.