Services

Innovative legal solutions for your insurance and business needs

Life and Health Insurance Companies

We provide guidance to our life and health 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, mergers and acquisitions, evidences of coverage and other forms, and numerous other day-to-day regulatory, operational, and transactional matters.

We have considerable experience and regularly help our life and health insurance clients obtain approval for their UCAA primary and expansion licensing applications, domestic health maintenance organization applications, managed care health insurance plan (MCHIP) applications, significant transactions (Form A), rates and forms, and other regulatory filings with the Virginia Bureau of Insurance and Virginia Department of Health. In addition, we routinely assist our life and health clients in resolving compliance issues and regulatory actions under Virginia’s insurance laws and regulations with the Virginia Bureau of Insurance.

See below for the types of services we perform.

Virginia State Corporation Commission – Bureau of Insurance

Services include:

Regulatory Compliance

  • Counsel on day-to-day regulatory issues
  • Proactive compliance reviews of marketing, claims, rating and underwriting operations
  • Product development, including rate and form drafting and advice for regulatory approval
  • Holding Company Act compliance issues and related filings
  • Compliance advice on Gramm-Leach-Bliley, HIPAA, Sarbanes-Oxley and other federal and state statutes
  • Internet marketing and related issues
  • 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
  • Assistance with dividend and distribution regulatory approval
  • Assistance with market conduct and financial examinations
  • 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
  • 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