Insurance Regulation & Insolvency
Semmes’ attorneys represent a diverse client base with respect to insurance corporate and regulatory matters. Our attorneys deal regularly with the Maryland Insurance Administration and the District of Columbia Department of Insurance Securities and Banking concerning difficulties faced by insurance companies and agents with respect to acquisitions, market conduct examinations, complaints and investigations, rate filings, mandated coverage problems, cancellation and nonrenewal of both insureds and agents, withdrawal from lines of business, company and agent licensing, insurance holding company act compliance, forms approvals, antitrust issues and problems relating to surplus lines carriers. Our expertise includes property, casualty, life, health and credit insurance, as well as reinsurance, fidelity and surety and workers’ compensation.
The insolvency of insurance entities is often a confusing area for insureds, claimants against insureds, creditors and their counsel. Typically, creditors rights counsel is familiar with bankruptcy court and its special procedures. Insurance company insolvencies are specifically excluded from treatment under the Bankruptcy Code, however, with the result that insolvencies of insurers are controlled by an interlocking framework of state insurance insolvency and liquidation laws and laws providing for coverage of claims against insolvent insurers by state insurance guaranty funds.
Semmes exists to serve our clients and provides expert representation in today’s ever-changing commercial environment. Recognizing that modern-day business knows no geographic boundaries, Semmes’ business attorneys are especially skilled and involved in international business activities and work closely with local companies and governmental entities to promote both in-bound and out-bound business opportunities for overseas and Mid-Atlantic companies.