With decades of experience assisting the insurance industry with corporate transactions and various compliance and regulatory issues across the country, the Insurance Business and Regulatory Group at Polsinelli Shughart PC has the expertise to provide outstanding services to this industry.
With four former state insurance department attorneys, including two who served as General Counsel, and five attorneys who were former in-house counsel to various insurance organizations, our Insurance Business and Regulatory attorneys understand the unique needs of our insurance clients on matters involving state insurance departments, state Attorneys General, and other state and federal regulatory agencies.
Our Insurance Business and Regulatory Group routinely handles a number of business and regulatory issues including, without limitation:
Serve as national outside counsel for various property and casualty insurers, workers’ compensation insurers, life and health insurers, third-party administrators, and discount medical plan organizations.
Corporate Mergers and Acquisitions.
Holding Company Transactions and Related Regulatory Filings.
Complex National and Multi-State Regulatory and Compliance Research.
Uniform Certificate of Authority Applications, including Primary, Expansion, and Corporate Amendment Applications.
National and Multi-State Licensing and Compliance Projects for Third Party Administrators.
National and Multi-State Licensing and Compliance Projects for Discount Medical Plan Organizations.
National and Multi-State Licensing and Compliance Projects for Agencies and Adjusters.
Assistance with Market Conduct Examinations and Financial Examinations, including a Multi-State Market Conduct Examination involving 50 states.
Assistance with complying with insurance company corporate governance requirements, including the recently amended Model Audit Rule, and development of appropriate committee charters, conflict of interest statements, code of conduct and ethics statements, record retention and destruction policies; whistle blower policies, and others.
Served as the Deputy Receiver or as General Counsel to the Deputy Receiver with respect to four insurance company receiverships.
Form captive insurers and risk retention groups and assist with ongoing compliance and business issues for captives and risk retention groups.
Clients include insurance companies, insurance brokers and agencies, third-party administrators, discount medical plan organizations, and associations—virtually any individual or entity subject to regulation by state insurance departments, state Attorneys General, or other state agencies.
Our Insurance Business and Regulatory Group, in conjunction with our Health Care Law Group, has also assisted with numerous self-funded health care programs, often involving physician groups, independent practice associations, and physician hospital organizations.