Insurance Regulatory
Our experience encompasses representation of insurers and insurance producers in the preparation and negotiation of applications and other filings required to obtain regulatory approval of complex business transactions, including insurance company formations, compliance matters, and mergers and acquisitions of insurance companies. We regularly provide representation in administrative proceedings and all forms of disciplinary proceedings brought by the California Department of Insurance, including accusations, orders to show cause and notices of non-compliance.
We also have extensive experience representing insurance companies in connection with market conduct claims, and rating and underwriting examinations. We actively monitor regulations proposed by the California Department of Insurance and prepare comments concerning and objections to proposed regulations. We are involved in structuring, documenting and obtaining regulatory approvals required in connection with all business transactions involving participants in the insurance industry.
Our attorneys regularly conduct specialized seminars for trade associations, insurance companies and insurance producers that focus on key regulatory issues, including proposed statutes and regulations. Seminars may include specific topics such as market conduct claims examinations, the rate application submission and review process, understanding claims settlement practices regulations and compliance with SIU (Special Investigation Unit) requirements.
Areas of Expertise
- Licensing of insurance companies and insurance producers
- Holding company act compliance
- Rehabilitation, conservation and liquidation of insurers
- Inter-company and affiliate transactions
- Antitrust issues
- Product development
- Reinsurance transactions
- Rate regulation
- Agent and broker matters
- Surplus lines compliance matters
- Formation and regulation of purchasing groups and risk retention groups
