Several persons, including Len Blonder and Mike Tucker, have provided valuable feedback to my earlier weblog post NSSTA 2005 Annual Meeting 1. Having re-read the article with their input, two additional comments are appropriate.
1. NSSTA's Accomplishments: although I disagree with some NSSTA positions (both policies and issues), NSSTA has achieved important accomplishments for both its members and for other participants within the structured settlement and settlement planning industries. For example, an earlier weblog post entitled "NSSTA 2005 Annual Meeting" references, and probably should have highlighted, NSSTA's recent accomplishments relating to plaintiff attorney compensation.
2. Business Standards and Practices: business standards and practices impact all participants in the structured settlement and personal injury settlement planning industries. Many rules apply, or might apply, to various participants. State unfair business practice statutes, as well as proposed compensation disclosure statutes, should be studied and intelligently applied to structured settlements. So should the American Bar Association's Model Rules of Professional Conduct. Matt Garretson and Frank Johns, among other attorneys, have written and spoken thoughtfully about the impact of the Model Rules on personal injury settlement planning.
Congratulations to NSSTA for an outstanding 2005 Annual Meeting. Good luck in addressing the most important industry issues.
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