The business of insurance is complex and consistently facing new challenges emerging from increasing regulations, market consolidations, technology innovations, data privacy and new competition. At Mitchell Williams, our insurance regulatory team understands the insurance industry from all aspects of the regulatory, business and legal perspective. This depth of knowledge enables us to effectively work with insurance industry clients to construct innovative strategies and solutions that achieve their business goals.
Experience is powerful. It’s the key to finding solutions, driving efficiencies, fueling innovation and building trust – especially when the stakes are high. Our insurance regulatory team is comprised of former senior regulators with years of service at state insurance departments, former in-house counsel at leading insurance companies and experienced attorneys and staff who have spent decades representing the insurance industry in regulatory, legal and business matters. Our combined experience, in-depth knowledge and extensive relationships enables us to serve insurance industry clients as trusted partners and advisors.
Our insurance regulatory lawyers handle regulatory issues for insurance industry clients in all 50 states and D.C. We represent insurance entities engaged in all facets of the insurance business including:
- Insurers, reinsurers and producers
- Accident and health insurers, HMO and managed care organizations
- Broker-dealers
- Captives, risk retention and purchasing groups
- Life insurance, annuities and variable products
- Property and casualty
- Title insurance
- Travel insurance
- Service contract and extended warranty
- MGAs/TPAs/adjusters
- Provider organizations
We provide strategic counsel on all aspects of state insurance regulation and often work as outside general counsel on insurance corporate and regulatory matters. We assist clients in a broad range of insurance industry matters including:
- Insurance company formations, state licensing and adding lines of authority
- Insurance company reorganizations, mergers and acquisitions
- Insurance insolvency
- Multistate market conduct examinations
- Regulation of intermediaries of insurers
- Corporate governance
- NAIC monitoring and representation
- NAIC solvency initiative
- Privacy and security compliance (HIPAA)
- Insurance product development
- Policy forms and rates filings in all states (SERFF and COMPACT)
- Holding company systems regulatory filings and compliance
- Medicare Advantage and managed Medicaid plans
- Affordable Care Act
- Research of laws of all insurance jurisdictions
- International compliance, guidance and investigations
- Anti-money laundering compliance
- OFAC compliance reviews
- State enforcement actions
- Financial Industry Regulatory Authority (FINRA) and Securities and Exchange Commission (SEC) matters
- Legislative advocacy
- Regulatory compliance, investigations and audits
The National Association of Insurance Commissioners (NAIC) has become the single most influential body in determining the scope, content and direction of state regulation of insurance. Our insurance regulatory team has a significant physical presence at all NAIC national meetings and works on behalf of our insurance clients to monitor issues critical to the client’s business that are being considered at the NAIC. When necessary, we represent clients on specific issues being considered by NAIC Committees or subcommittees.
We also work regularly with the major insurance trade associations, including the American Insurance Association (AIA), the Complex Insurance Claims Litigation Association (CICLA), the National Association of Mutual Insurance Companies (NAMIC), the Property Casualty Insurers Association of America (PCI), the American Council of Life Insurers (ACLI), the National Association of Professional Employer Organizations (NAPEO), the North American Pet Health Insurance Association (NAPHIA), the Consumer Credit Industry Association (CCIA), the Insured Retirement Institute (IRI) and MICA among others on the wide variety of issues affecting the business of insurance.