Services

Innovative legal solutions for your insurance and business needs

Insurance Regulatory Practice

Our insurance regulatory practice primarily consists of the representation of property and casualty insurers, as well as life and health entities, self-insured funds and insurance producers, including agencies, brokers and management companies.

We provide guidance to our insurance clients on a number of issues including achieving regulatory compliance under federal and state statutes, licensing and registration, regulatory filings and product development, financial and market conduct examinations, holding company matters, data security and privacy issues, legislative matters, insurance company taxation, mergers and acquisitions, policies and endorsements, coverage matters, reinsurance, and numerous other day-to-day regulatory, operational, and transactional matters.

We have considerable experience and regularly help our insurance clients obtain approval for their significant transactions (Form A), rates and forms, and other regulatory filings with the Virginia Bureau of Insurance (Virginia department of insurance). In addition, we routinely assist our clients in resolving compliance issues and regulatory actions under Virginia’s insurance laws and regulations with the Virginia Bureau of Insurance.

We help our regulated insurance clients find solutions to the problems or issues they face every day.

See below for the types of services we perform.

Virginia State Corporation Commission – Bureau of Insurance

Services include:

Regulatory Compliance

  • Product development, including rule and form drafting and advice to achieve regulatory approval as quickly as possible
  • Proactive compliance reviews of marketing, claims, rating and underwriting operations
  • Counsel on day-to-day regulatory compliance issues
  • Holding Company Act compliance issues and related filings
  • Corporate governance matters and filings
  • Compliance advice and counseling on Data Security Act, Dodd-Frank, Gramm-Leach-Bliley, HIPAA, Sarbanes-Oxley and other federal and state statutes
  • Assistance with market conduct and financial examinations
  • Premium and income tax matters
  • Advise on form and rate filing approval processes
  • Compliance advice under unfair trade practices, unfair claim settlement practice and related statutes
  • Internet marketing and related issues
  • Assistance with dividend and distribution regulatory approval
  • Represent clients before state regulators on rate and regulatory compliance matters
  • Assist with development of record retention policies

Formations, Reorganizations, Mergers & Acquisitions, Transfers and General Matters

  • Organization, formation and licensing, including drafting disclosure and offering documents
  • Advise and counsel on acquisitions, mergers, conversions, reorganizations, redomestications, loss-portfolio transfers, divestitures, and fronting
  • Conversion of stock companies to other structures
  • Advise on corporate governance, due diligence, strategic tax issues, affiliation agreements, management agreements, reinsurance agreements and other significant transactions

Coverage Matters

  • Insurance policy drafting and rewrites
  • Provide coverage opinions and advise clients on coverage matters

Legislative Advocacy and Representation

  • Advise on legislative strategy in connection with licensing and other matters
  • Track and monitor existing legislation and proposed enactments affecting clients’ lines of business
  • Draft new legislation and major revisions to existing statutes to promote clients’ initiatives or goals