The Practice of Insurance Regulatory Law, Part II: More Specifically

Specifically, the practice of insurance regulatory law involves counseling individuals and entities in the insurance business with respect to an array of different legal issues.
As discussed in the first part of this article, an insurance regulatory attorney provides legal services and practical business solutions on a wide variety of administrative, corporate, insurance, transactional and regulatory issues.

More specifically, however, the practice of insurance regulatory law involves:
  • Formation, Acquisition, Reorganization, Dissolution
    The formation, acquisition, sale, merger, restructuring, reorganization and dissolution of insurance companies, their affiliates and other businesses in the insurance industry;

  • Other Transactions, Public and Private Financing
    Negotiating, structuring and executing associated transactions, such as the purchase or sale of blocks of insurance business, or providing compliance services relative to public and private financing;

  • Uniform Certificate of Authority Applications
    Drafting and submitting National Association of Insurance Commissioners (NAIC) Uniform Certificate of Authority Applications (UCAA) and related documentation with respect to insurance company formation, admission, licensing, expansion, redomestication and other transactions;

  • Administrative Supervision, Liquidation
    Providing counsel and guidance to companies in the insurance industry through administrative supervision, conservation, rehabilitation and liquidation matters;

  • Admission, Licensing, Expansion, Redomestication
    Drafting and submitting other required applications and related documentation with respect to the formation, admission, licensing, expansion, redomestication and other transactions of insurance affiliates, holding companies and other businesses in the insurance industry;

  • Insurance regulatory law involves, inter alia, providing legal, regulatory and compliance advice with respect to myriad insurance matters.
  • Compliance, Complaint Resolution, Administrative Hearings
    Representing insurance industry clients before state insurance regulatory and other government agencies with respect to compliance issues, complaint resolution, administrative hearings and other administrative processes;

  • Financial Examinations, Market Conduct, Investigations, Inquiries
    Representing insurance companies, as well as their affiliates, directors, officers and employees, in connection with financial examinations, market conduct examinations and other statutory or administrative examinations, investigations and inquiries;

  • Insurance Holding Company Systems
    Forming, licensing, merging, restructuring, reorganizing, dissolving and effecting other transactions relative to insurance holding company systems, as well as advising and representing insurance holding company systems and their affiliates in various compliance and regulatory issues;

  • Insurance Products and Policies, Compliance Programs
    Creating, drafting, developing, submitting for regulatory approval, negotiating, revising, supplementing and withdrawing various types of insurance products, policies, contracts, forms, rates, fees, schedules and other regulatory filings, including compliance programs required under state and federal law;

  • Financial Reporting, Admissible Assets, Debt and Tax Matters
    Negotiating and adjudicating financial reporting issues, admissible asset issues, classification of investments, debt treatment, risk-based capital issues, audited financial reporting issues, tax exemptions and reductions and related issues;

  • Captive Insurance Companies
    Forming, licensing and providing compliance services to businesses with respect to captive insurance companies and related entities and funds;

  • Government Affairs, Legislative Matters
    Advising, negotiating and representing companies in the insurance industry with respect to government affairs and legislative matters;

  • Securities and Exchange Commission Compliance Services
    Providing compliance services to companies in the insurance industry with respect to state and federal securities issues including representation in connection with the rules and requirements of the U.S. Securities and Exchange Commission (SEC);

  • Insurance Guaranty Funds
    Advising and representing companies in the insurance industry regarding insurance guaranty fund and guaranty association matters;

  • Insurance Contract, Business Litigation
    Supervising, directing and representing companies in insurance contract and business litigation matters;

  • Notice, Proxy Materials
    Drafting notice, proxy and other materials required for insurance company meetings, policyholder votes and related corporate activities; and

  • Insurance Regulatory Compliance
    Providing general advice and counsel to the officers, directors and management of companies in the insurance industry with respect to issues from day-to-day insurance operations up to board and shareholder/member level matters.
 

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