No Arbitration For Insurance Refund Suit: 11th Circ.

Law360, Washington (August 10, 2011, 3:04 PM EDT) -- The Eleventh Circuit on Wednesday rejected Life of the South Insurance Co.'s bid for arbitration in a putative class action accusing the insurer of shirking its obligation to refund unearned premiums to credit insurance policyholders who paid off loans early.

Plaintiffs Barbara and Jerry Lawson took out a loan to finance the purchase of a 2000 Chevrolet Blazer, and the loan's terms were laid out in a retail installment sales contract. They also bought a credit life insurance policy from Life of the South that would...
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