Regulatory Counsel

The Coverys companies include insurance companies eligible to write business in all 50 states, as well as insurance agencies and companies providing medical education and risk management services. The Regulatory Counsel will be primarily responsible for insurance regulatory filings, review and monitoring. The Regulatory Counsel will also be responsible for providing guidance and advice on a variety of matters ranging from commercial issues to technical and specialist regulatory, reinsurance, and intercompany matters. 

General responsibilities include research and analysis of legal and regulatory compliance matters, and contracting in the areas of intercompany agreements and reinsurance. The Regulatory Counsel will be responsible for conducting thorough review of company publications, providing thorough and practical guidance to internal clients in a collaborative manner, and exercising professionalism and excellent business judgment in interactions with the business and regulators.

Essential Duties & Responsibilities

• Collaborate with members of the Legal Department to develop and further efforts to create a partnership with the business.

• Assist in the development of enterprise-wide positions and priorities on legislative and regulatory initiatives, monitor and maintain current knowledge of industry trends and best practices and provide advice regarding implications of changes in laws substantially impacting the business and the industry, and provide legislative and regulatory reports as necessary.

• Track and monitor new and changing laws, legislation, regulations, bulletins, judicial rulings, etc., which will affect the industry and company. Work closely in conjunction with Compliance and internal clients on necessary resulting actions.

• Provide legal advice on a full spectrum of corporate matters, including internal and external policy documents, and assist in ensuring external publications, educational materials, and marketing efforts are compliant with applicable laws and regulations.

• Draft, review and negotiate legal documents, including insurance and reinsurance contracts, commercial contracts, marketing/branding-related agreements, policy forms, and regulatory applications and filings.

• Advise regarding regulatory implications and requirements for corporate actions, including acquisitions and investments, financial transactions, inter-company transactions and corporate governance matters. Prepare requisite regulatory filings and reports, and communicate with regulators regarding same.

• Provide responses to regulator inquiries, oversee data call submissions and respond to customer/regulator complaints in close collaboration with Compliance and other affected business units.

• Maintain relationships with relevant trade organizations and attend such meetings and events as necessary whether online or in person.

• Perform comprehensive research and analysis of case law and statutory and regulatory information on general corporate and insurance issues.

• Provide high-quality and efficient oral and written legal advice to internal clients.

• Recommend business-focused and practical courses of action to achieve client goals in a compliant, legal and ethical manner.

• Assist Legal Department in coordinating consistency in legal and compliance operations for all subsidiary companies. 

• Perform special projects and other duties as assigned.

Education, Requirements & Competencies

• J.D., admitted to at least one state bar.

• Minimum eight (8) years’ experience, with at least five (5) years in an insurance regulatory practice or setting.

• Broad knowledge and experience handling insurance regulatory matters, including excess and surplus lines insurance, required.

• Experience handling corporate commercial matters preferred.

• Excellent skills in managing multiple time-sensitive tasks.

• Demonstrated ability to learn new subject matter under tight deadlines. 

• Strong ability to independently develop, implement and complete projects.

• Demonstrated ability to exercise independent judgment and work effectively with a team.

The base salary range for this role is $112,500-$152,000. Individual compensation packages are based on a variety of factors that are unique to each candidate including geographic location, skill set, experience, qualifications and education.

If you're a caring and customer focused individual who enjoys working with passionate team members, Coverys is the right company for you!