Insurance Regulatory & Compliance

     
       

Overview

The insurance industry is under increased scrutiny as it confronts complex and relentless challenges. Innovation and emerging technologies are accelerating the pace of change and creating new business models. Insurers and their insureds require reliable guidance to operate in compliance with both longstanding and emerging insurance regulations.

With more than four decades of related experience, our attorneys are well acquainted with the myriad regulations that govern the insurance industry and the policies and politics behind them.

Wilson Elser’s Insurance Regulatory & Compliance practice encompasses all segments of the insurance industry globally. With nearly four decades of related experience, our attorneys are well acquainted with the myriad regulations that govern the insurance industry and the policies and politics behind them. Our practice attorneys offer comprehensive, purposeful and timely legal counsel to insureds, brokers and agents; reinsurance intermediaries; surplus line brokers; managing general agents; and insurers and reinsurers. We draw on the experience and nationwide resources of the entire firm and are in frequent contact with key state and federal insurance regulators before whom we represent our clients in actions and transactions.

We advise on:

  • The creation of insurance companies, the domestication of U.S. branches of alien insurers, and the re-domestication of U.S.-based insurers and reinsurers
  • The qualification of excess and surplus line insurers
  • The formation and registration of risk retention groups and purchasing groups.

We also guide insurance company demutualizations, mergers and acquisitions; reorganizations and spin-offs; and shell company purchases and sales.

Our Insurance Regulatory & Compliance attorneys carefully monitor regulatory bodies and advise clients on the unrelenting changes in licensing and regulation. We often assist in preparing for compliance audits and counsel insurance agents, brokers, underwriting managers, managing general agents, third-party administrators, reinsurance intermediaries and consultants on the current regulatory landscape and its practical implications. We counsel these service providers and all of our clients on what constitutes unfair trade practices, their fiduciary obligations, and the implications of partnering with licensed entities and referral sources as well as which activities are licensable by the states. Wilson Elser attorneys similarly handle runoff of liabilities and advise on day-to-day compliance issues of business operations and on insolvency proceedings, inclusive of rehabilitation, conservation and liquidation proceedings.

For several of our clients, we form multidisciplinary teams to deliver a broad array of related legal services, including:

  • Cybersecurity & Data Privacy
  • Corporate Governance & Compliance
  • Commercial Contracts & Agreements
  • Employment & Labor
  • Intellectual Property.

Firmly entrenched where government, business and law converge, and with offices strategically located around the country, Wilson Elser serves as a single resource for many of our insurance clients. Working in an integrated, collaborative fashion, we draw on experience, intelligence and ingenuity to identify legal resolutions that advance their business objectives.

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