The 11th U.S. Circuit Court of Appeals has ruled in favor of the Florida Office of Insurance Regulation in connection with litigation with a life settlement firm.
The court affirmed OIR's right to review non-Florida related records for viatical providers, says Florida Insurance Commissioner Kevin McCarty.
At issue was whether McCarty's office is allowed to make a full review of all of the records of Coventry First L.L.C., Fort Washington, Pa. – not just files identified by Coventry — to determine which files are subject to Florida laws.
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