Surplus Lines Insurance for InsurTechs

Originally posted by: Locke Lord

Join Locke Lord and InsurTechNY for their InsurTech Legal Academy webinar series on legal and regulatory issues ‎impacting the InsurTech industry. Each quarter, we’ll tackle a new important topic, starting with a primer on ‎surplus lines insurance for InsurTechs.‎

This webinar will focus on the intricacies of the excess and surplus lines insurance market, including the legal challenges facing insurers, brokers, adjusters and insureds. It is a common misconception that the nonadmitted insurance space is unregulated, but in reality the surplus lines market comes with its own unique and nuanced legal challenges that vary from state to state. Please tune in to this presentation to learn about the surplus lines market and the common misconceptions and legal hurdles that must be navigated by the insurance community.

CLE

CLE is approved in CA, IL, TX and NY “Areas of Professional Practice” credit. Other states are pending.

CE

Credit is pending.

Presenters

Brian Casey is Co-Chair of Locke Lord’s Regulatory and Transactional Insurance Practice Group. He focuses on corporate, merger and acquisition, corporate and structured finance, and other transactional and regulatory matters for corporate clients in the insurance, financial services and health care industries.

Zachary Lerner is a Partner in Locke Lord’s Regulatory and Transactional Insurance Practice Group. He represents domestic and international insurance companies, insurance agents and brokers, MGAs, reinsurance intermediaries, adjusters and third party administrators, captives, premium finance companies, special purpose vehicles, risk retention and risk purchasing groups. He is co-author of the Locke Lord Excess and Surplus Lines Manual.

Upcoming Topics:‎

· August 2023 – Data Privacy and Security for InsurTechs

· October 2023 – Fair Credit Reporting Act and Insurance Adverse Underwriting Notices ‎for InsurTechs

· December 2023 – Insurance Broker Fees for InsurTechs

· January 2024 – Insurance Commission Sharing and Referral Fee Payments for InsurTechs ‎

· March 2024 – Inducements and Rebates for InsurTechs

· June 2024 – M&A Transactions and Preparing for Company Sale Scenarios for ‎InsurTechs

· August 2024 – E-signatures and E-records for InsurTechs

· October 2024 – Regulation of Insurance Rates for InsurTechs