Insurance Regulatory Practice
Attorneys in this group have a thorough knowledge of law and regulation affecting the insurance industry in the State of Florida and in Latin American and the Caribbean. Their experience includes:
- Incorporating and securing certificates of authorization for insurers and reinsurers in domestic and foreign jurisdictions;
- Handling insurance department inquiries and examinations in domestic and foreign jurisdictions;
- Holding company compliance (including approvals for mergers and acquisitions);
- Providing advice on the operation of foreign subsidiaries and branch offices;
- Drafting policy language, reinsurance agreements, compensation and producer contracts;
- Negotiating policy form approvals in domestic and foreign jurisdictions.
- Handing litigations and arbitrations involving international insurance policies and reinsurance contracts;
- Securing approvals from foreign regulators for reinsurers to accept risk from foreign jurisdictions.
The firm represents major life, health and disability companies, reinsurance companies and property and casualty companies. Attorneys in the group are active in trade organizations and frequently speak at seminars and trade meetings in the U.S. and the Caribbean and Latin America.
Shutts & Bowen has been at the forefront of the effort to change Florida’s insurance law to facilitate the sale to non-U.S. residents from Florida of life insurance and annuity products issued by insurance companies.
In addition to handling domestic and international insurance regulatory matters, Shutts & Bowen handles domestic and international insurance arbitration and litigation.
