Law360, New York ( September 24, 2014, 10:25 AM EDT) -- Section 541 of the Texas Insurance Code authorizes a private cause of action through which an insured can recover the "actual damages" caused by its insurer's violation of the statute's fair-claims handling provisions.[1] And, in the event the insurer commits a knowing violation of the statute, Section 541 permits the insured to recover additional statutory damages in an amount up to two times the insured's "actual damages."[2]...
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