Steve also advises in matters relating to forming, licensing, regulating and operating life insurance and annuity companies and their products-with a heavy concentration on New York law. Steve has been in private practice for more than 25 years. Prior to joining Eversheds Sutherland (US), he served as vice president, general counsel and secretary at a New York-based, 50-state licensed life insurance company. Steve was also general counsel for a New York state life insurance company trade association and assistant general counsel for a New York life insurance and financial services company.
Advises clients on New York insurance law issues on pensions and retirement products.
Advised Verizon on the insurance aspects of its $7.5 billion transfer in pension obligations to Prudential.
Assisted in the design, regulatory approval and operation of several hundred insurance, investment and stable value products.
“Every state has regulations governing the design, approval, sale, advertising, distribution and administration of life insurance and annuity contracts, as well as insurance company governance. The rules are fairly complex and you’ve got to be sure the client’s entire business is in full compliance, especially if they operate nationally.”
Legal Alert: New York Proposes Best Interest Standard for Life and Annuity Sales Alongside NAIC Proposal for Annuities (January 4, 2018)
On December 27, 2017, the New York Department of Financial Services (NYS-DFS), the regulatory authority for the insurance industry in New York, published a proposal (New York Proposal) to add a “best ...
Legal Alert: NYDFS Makes Inquiry into Life Insurers’ Use of Algorithmic Underwriting (July 17, 2017)
On June 29, 2017, the New York Department of Financial Services (NYDFS) issued an information request pursuant to Section 308 of the New York Insurance Law addressed to all life insurers and ...
Regulation of Life Insurance Companies (2001)
Chapter in New York Insurance Law
Member, American Bar Association
Member, New York State Bar Association
Member, Connecticut Bar Association
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