“Third-Party Litigation Funding: Tipping the Scales of Justice for Profit,” NAMIC Issue Analysis, May 2011.
Third-Party Litigation Funding [S]
NAMIC believes that, in general, third-party litigation funding is a pernicious practice that is contrary to the public interest and potentially harmful to insurers. Whenever feasible, NAMIC will oppose measures that attempt to codify third-party litigation funding as a legitimate practice under state law. This includes measures that would subject the practice to some form of lighttouch regulation. In situations where enactment of such legislation appears inevitable, NAMIC will apply its set of principles (See Issue Analysis below) to guide our advocacy.
Posted: Friday, July 06, 2012 10:45:35 AM. Modified: Wednesday, July 11, 2012 8:53:07 PM.
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