Banking & Financial Institutions

Insurance

Quarles & Brady's Insurance Regulation Team provides regulation advice to financial institutions in various contexts, including financial regulation, holding company regulation, reinsurance transactions, marketing issues, policy form revisions and filings, and regulatory relations, including audits and examinations. Our Insurance Recovery Team is a highly specialized group of lawyers who represent policyholders across the country in disputes against insurers, with the goal of maximizing coverage for policyholders, as well as advising on the types and scope of coverage available. Our expertise extends to areas frequently faced by financial institutions and their individual officers and directors, such as securing coverage and managing liability risks under directors & officers liability policies.


Experience

Quarles & Brady's experience in the area of Insurance Regulation for banks and financial institutions includes:

  • financial regulation, including compulsory and security surplus, risk-based capital, qualifying and prohibited investments, valuation of assets, reserve requirements, and annual reports;
  • holding company regulation, including liability of directors and officers, change of control, and reporting and approval of dividends and other affiliate transactions;
  • reinsurance transactions, including drafting issues, qualifying reinsurance, arbitration, letters of credit, and other security;
  • marketing issues, such as rate regulation, agent contracts, licensing, and compensation and unfair marketing practices;
  • policy form revisions and filings;
  • regulatory relations, including audits and examinations, rate and form filings, administrative lobbying, and enforcement actions;
  • special issues facing managed care organizations and other health care plans, including reform initiatives, business plan filings, provider contracts, coverage mandates, HIPAA, ERISA, and COBRA.

Our Insurance Recovery Team is a highly specialized group of lawyers who represent policyholders across the country in disputes against insurers, with the goal of maximizing coverage for policyholders, as well as advising on the types and scope of coverage available. Our experience extends to areas frequently faced by financial institutions and their individual officers and directors, such as securing coverage and managing liability risks under directors & officers liability policies.