Mergers, acquisitions and the decision to enter or to leave certain geographic or product areas can give rise to requirements to obtain prior approvals from an insurer's State of domicile, as well as from other affected jurisdictions. Some States assert that insurance licenses cannot be sold in their jurisdictions, but will describe that the requalification of an existing license may be less time-consuming than an application for a new license. There are many considerations that need to be incorporated into a business plan whenever the purchase or sale of an insurance company or of a block of business is involved. We specialize in developing comprehensive plans early in any of these matters so that a roadmap can be put in place through which to manage time, costs and respective projects tasks.
 
Similarly, the change of an insurer's name, or of its State of domicile, can involve extensive and time-constrained procedures associated with notifications to domestic as well as foreign States in which an insurer operates within the United States. The failure to make timely filings can result in fines or sanctions. The comprehensive plans that we put in place are found by clients to be especially useful in managing these types of transactions.