First District Court of Appeal Affirms Florida Office of Insurance Regulation’s Right to Review Non-Florida-Related Viatical Settlement Provider Records
Jun 17, 2010
The Florida Office of Insurance Regulation (“OIR”) announced on June 16, 2010 that the First District Court of Appeal has affirmed the OIR’s right to review non-Florida related records for viatical settlement providers by ruling in favor of the OIR in its litigation with Coventry First, LLC, (“Coventry”) of Florida.
Coventry had entered into litigation with the OIR over the issue of whether Section 626.9922, Florida Statutes allowed the OIR to examine non-Florida books and records, or whether this legal authority was limited to Florida-only records.
To view the First District Court’s opinion and a chronology of OIR litigation with Coventry, click on the hyperlinks below:
Please note that the Court’s opinion is not final until the time to file a Motion for Rehearing and Disposition has expired.
Should you have any questions or comments, please contact Colodny Fass.
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