Case Details

Year Initiated/Committed

1997

Year Resolved

1997

Settlement Amount

$25,000 atty's fees

Court

353rd Judicial District Court, Travis County, Texas

Docket Number

97-08284

Lead State

TX

Participating States

TX

Defendant(s)

American Modern Lloyds
Insurance Company, Purvis Insurance Agency, Inc. And Mobile Insurance Agency of Texas, Inc

Case Description

State of Texas sued for civil fine and injunction alleging defendants required single and multiple lot manufactured home dealers to purchase “open lot” dealer inventory coverage as a condition of purchasing a business owners policy; allocated manufactured dealers to a particular sales representative agent, and entered into an agreement to fix the price for insurance for manufactured home dealers. Case settled with defendants agreeing to injunction and payment to State of $25,000.