Insurance
VLP's Insurance Practice Group has extensive transactional and regulatory experience in a broad spectrum of substantive areas - life insurance, annuities, life settlements, premium finance, property and casualty, financial guaranty, health, disability, and health maintenance organizations among others. The Group has represented a myriad type of participants involved in the industry - insurance carriers, reinsurers, captive companies, insurance agents and brokers, securities broker/dealers, investment managers and advisors, mutual funds and other investment funds, trust companies, investment banks and financial advisers and other services providers. We are knowledgeable about the multi-jurisdictional U.S. state insurance laws and regulations as well as those of a number of foreign jurisdictions.
To provide effective legal counsel, insurance lawyers must combine regulatory knowledge and industry experience with high-level transactional skills. Assignments take many forms including entity transfers in the form of stock acquisitions, mergers, asset acquisitions through reinsurance, specific financing techniques such as surplus and capital notes and Triple X facilities, sale of renewal rights or service or management agreements and transactions out of bankruptcy or insolvency proceedings or otherwise.
In addition, the Group advises on:
• Insurance-linked securities
• Insurance securitizations
• Derivative products
• Redomestication and other corporate conversion techniques
• Financial holding company regulation
• Captive insurance company projects
• Insolvency and rehabilitation issues
• Guaranty fund coverage
• Risk based capital and other solvency issues
• Permitted investments
• Doing an insurance business/licensing
• Insurance marketing and unfair trade practices