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BS&K provides a wide range of legal services to insurance companies. In addition to providing general business services to members of the insurance industry, with our experience, resources and history of meeting client needs, we can assist companies with a variety of regulatory compliance matters. We can help with such diverse needs as product development and filing for approval, demutualizations, developing compliance procedures, and litigation.
Because New York is one of the most heavily regulated states in the country, and it has long been the vanguard of insurance oversight, insurance companies doing business in New York are compelled to develop unique strategies to maintain legal and regulatory compliance standards. BS&K is available to assist companies in this regard.
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| • | Review and explain new and existing laws and regulations and provide advice and/or assistance with developing compliance procedures. |
| • | Develop and secure state approval of insurance contract forms (policies, applications, amendments, rates). |
| • | Advise as to appropriate courses of action to take in response to regulatory market conduct actions. |
| • | Assist with appropriate responses to various legal, regulatory, and customer generated inquiries and actions. |
| • | Help obtain new or expanded authority to do business. |
| • | Help obtain regulatory approval of major transactions, including mergers, acquisitions, dissolutions. |
| • | Advocate with regulatory officials on clients' behalf during the development, review and implementation of new or revised laws and regulations. |
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