TRIPP SCOTT’S STEPHANIE ALEXANDER AND BRADY COBB WIN GROUNDBREAKING APPEAL FOR THE LIFE INSURANCE SETTLEMENT ASSOCIATION
Appeal upholds May 2009 ruling
FORT LAUDERDALE, Fla., April 24, 2010 – Tripp Scott today announced that Stephanie Alexander, director, and Brady Cobb, associate, recently won an appeal in Florida on behalf of its client, Life Insurance Settlement Association (LISA).
The appeal upheld a ruling from May 2009 that found that Florida insurance regulators overstepped their authority in seeking transaction information from other states. In that case, the Florida Office of Insurance Regulation had wanted to create a rule, 690-204.030, that would have required viatical insurance settlement providers to file voluminous and private financial and business information. The rule was ultimately found an impermissible exercise of legislative authority and therefore invalid.
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