State Insurance TradeState Insurance TradeAssociation ConferenceAssociation ConferenceThird-Party FinancingThird-Party Financing

Lawsuit LendingLawsuit Lending

www.InstituteForLegalReform.com

Agenda ReviewAgenda Review

What is the Practice of “Lawsuit Lending”

Who are the Companies and Trade Association

Why we Stand in Opposition

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State Insurance Trade Association State Insurance Trade Association Lawsuit Lending Lawsuit Lending

The Practice of Lawsuit Lending Lawsuit Lenders front Money to

Private Plaintiffs Engaged in Pending Litigation

Non-Recourse Loan in Pending Litigation for a Percentage of any Future Recovery

American Legal Finance Association Recently formed Organization

with Oasis Leading

Every Legislative Win Represents Future Road Map for ALFA

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State Insurance Trade Association State Insurance Trade Association Why We Stand in Opposition Why We Stand in Opposition

4

Legislation seeks to Regulate Lawsuit Lenders who front Money to Private Plaintiffs Engaged in

Pending Litigation for a Percentageof Future Recovery

Touted as Consumer Protection. It’sreal effect is the implicit authorization of the Practice.

Exempt’s Lawsuit Lending from Fair Lending Defined as Non-Recourse Lending Not a Loan – Lenders could Argue Legislation

has removed Lawsuit Loans from Fair LendingAct.

Lawsuit Loans will Inflate Settlement Values and Prolong Litigation

State Insurance TradeState Insurance TradeAssociation ConferenceAssociation Conference

Discussion / Q & ADiscussion / Q & A