Policy Drafting and Product Development

Alston & Bird’s insurance and regulatory compliance attorneys help you navigate the complex waters of product development and policy drafting and revision. Our Policy Drafting & Product Development Team has diverse experience with drafting and negotiating insurance policy terms and conditions, reviewing and providing advice on your existing and proposed insurance portfolios, assisting in the development of various insurance products and products with insurance-like components, and advising on whether and how your proposed or actual products may involve insurance regulatory requirements. Our experience spans all lines of insurance, both nationally and internationally.

• Negotiating and drafting insurance policy terms and conditions, with a focus on cyber and media liability insurance coverage.
• Counseling insurance companies on the issuance of stop-loss insurance to insure the liability of self-funded ERISA health plans.
• Assisting clients with the formation and operation of risk retention and risk purchasing groups.
• Advising insurance companies on regulatory compliance issues with the implementation of new payment models.
• Counseling clients on the development of life insurance premium finance products and investments.
• Assisting with the bundling of insurance and noninsurance products.
• Providing counsel to major mobile phone and credit card clients on the product design of insurance offerings to complement cell phone and credit card services.
• Counseling on reinsurance programs.
• Advising clients on price and service guarantees and similar products.
• Provided counsel on the formation and operation of private health insurance exchanges.
• Assisted a medical supply and consulting company in developing a risk-purchasing group program that physician customers can use to purchase malpractice and other liability insurance.
• Advised an automobile information and technology platform provider on offering various benefits for the purchase of automobiles.
• Counseled a captive insurance company owned by a global capital management company on the structure of a litigation expense product.