Assessments

Best Practices, Compliance, Regulatory Issues, and Product Development & Maintenance

K.Robi offers customized Best Practices, Compliance, Due Diligence and Functional Assessment services for all property and casualty insurance companies and associated operations. Assessments can be conducted for the entire operation, individual locations, specific departments, single business line and/or unique services.

 

Underwriting/Compliance

 

Regulatory Review: An analysis of both licensed, admitted business and eligible excess and surplus lines business with respect to the underwriting, rating, quoting and issuance of policies of insurance and compliance with state insurance laws and regulations.

 

Operational Review: An analysis of new business policies, renewal policies and, if applicable, mid-term cancellation, non-renewal and renewal notification are properly processed in accordance with company guidelines and state insurance laws and regulations.

 

Producer Review: Reviews and evaluates producer workflow, resident and non-resident licenses and insurances, background investigations, appointments, security procedures and disaster recovery plans, complaint handling and sub-producer relationships.

 

Company Licensing: Provides analysis of Certificates of Authority (COA) to ensure lines of business coincide with current writings, evaluation/assistance with expansion of current COA’s and/or application for new COA’s, and direction in the acquisition of a new company; develops and handles UCAA filings including timely follow-up and response to regulatory questions; manages purchase or sale of a company shell; prepares and submits Form A filings.

 

Product Filings: Provides direction with respect to the preparation, submission and resolution with rate, rule and form filings with state departments of insurance.

 

Complaint Management: Develops an approach and plan to effectively and efficiently respond to insurance department generated consumer complaints.

 

Regulatory Research and Evaluation: Provides analysis of existing state insurance laws and regulations, recently passed and/or proposed legislation, insurance department bulletins, circular letters, notices, etc., and their impact on company underwriting and operations.

 

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