A Florida state appeals court says the Florida Office of Insurance Regulation cannot use a 2007 law to get the authority to publish information submitted in confidence by a life settlement firm before the law was adopted.
Coventry First L.L.C., Fort Washington, Pa., won the case on appeal from a decision by the circuit court in Leon County, Fla.
In its ruling, the lower court had denied Coventry’s request for an injunction barring the Florida OIR from disclosing the information.
The law requiring the state to keep such records confidential was changed in 2007. Coventry argued, however, that the state was required to keep information off the record if the information had been filed before the law was amended. The Florida OIR disagreed, and Coventry sued to keep the agency from disclosing the records.