In today's marketplace, the insurance industry faces growing scrutiny and increasingly complex regulations. Whether an insurance company is in the initial stages of formation or in the midst of difficult insolvency proceedings, Wilson Elser can provide experienced counsel every step of the way.
Wilson Elser's insurance regulatory practice encompasses all segments of the insurance industry globally. We provide our clients, including insureds, brokers and agents, reinsurance intermediaries, surplus lines brokers, managing general agents, insurers and reinsurers, with a wide variety of services.
Our attorneys have a broad range of capabilities in the area of insurance regulatory law. We are able to handle such matters on a cost-effective basis and seek creative, aggressive and timely solutions to problems. Our team is able to efficiently handle the insurance regulatory questions of clients nationwide. That is because we have offices in every region of the country and are in frequent contact with state insurance regulators.
We advise on the formation of insurance companies and all aspects relating to the industry. This includes domestication and redomestication of insurers and reinsurers; qualification of excess and surplus line insurers; and formation and registration of risk retention groups and risk purchasing groups. We also handle insurance company demutualizations, mergers and acquisitions, reorganizations and spin-offs, and shell company purchases and sales.
Wilson Elser attorneys advise the insurance industry about licensing and regulatory changes. This includes counseling insurance agents, brokers, underwriting managers, managing agents, reinsurance intermediaries and consultants on licensing issues and specialty programs. We advise insurers and brokers with regard to money laundering issues affecting certain segments of the insurance industry, changes in collateralization rules for alien reinsurance transactions, potential federalization of insurance regulations, as well as e-commerce transactions. Our firm also represents individual and institutional clients in hearings before state insurance departments.
Our attorneys represent all segments of the insurance industry in insolvency proceedings. Some of our work in this area includes representation of insurance companies before state courts in rehabilitation, conservation and liquidation proceedings, and handling runoff of liabilities of insolvent insurers.
We have experience in the formation of reinsurance facilities, as well as negotiation and drafting of reinsurance agreements. Our attorneys are also involved in drafting policy forms, filing policy forms and rates, and in drafting commutation agreements, general agency agreements, managing general agents' agreements and loss portfolio transfer agreements.
As a large firm with offices from coast to coast, our insurance regulatory team draws upon the resources and experience of the firm nationwide. From formation to insolvency, insurance regulatory clients can count on Wilson Elser for efficient and effective counsel that meets the highest standards.