Offices:   New York / New Jersey   (212) 972-1000  ▪   Irvine, California  (949) 252-0550
 
 
 
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INSURANCE REGULATION AND INSOLVENCY
 

London Fischer LLP represents insurers in a broad range of regulatory matters. We maintain strong relationships with the various state regulators and we are active in the industry professional meetings including the National Association of Insurance Commissioners ("NAIC") national meetings. We represent clients in all segments of the insurance industry including property and casualty insurers, reinsurance companies and intermediaries, managing general agents, lenders, liquidators, and accident, life and health insurers.

Representative insurance regulatory matters about which we are regularly engaged include:

  • Formation of insurers and conduct of multi-state or national licensing programs.
  • Representation of insurance holding company members in intercompany transactions and all Holding Company Systems Act matters.
  • Product development, including insurance policy wordings and state insurance department approvals.
  • Representation of licensed insurers in market conduct examinations and general State regulatory compliance matters.
  • General assistance to non-insurers such as banks, securities firms and other financial institutions seeking to participate in the insurance market place.
  • Advice on insurance company financial transactions, including reinsurance commutations, transfers and assumptions of business, statutory investments, securities leasing and financial reinsurance.
  • Advice to businesses on captive insurance and other risk retention methods.
  • Formation and licensing of insurance producers, managing general agents and reinsurance brokers.
  • Drafting and negotiation of producer and managing general agent agreements.
  • Advice to non-U.S. insurers with specific focus on the regulation of surplus lines insurance and reinsurance.
  • Representation of non-U.S. insurers in obtaining and maintaining multi-state eligibility listings.
  • Preparation of U.S. trust fund agreements and letter of credit arrangements.

We regularly represent members of the domestic and international insurance industry in contractual and commercial matters and have a great deal of experience in insurer insolvency matters arising from the representation of foreign and domestic liquidators on a full range of insurance, reinsurance and commercial issues.