Product Counsel

Role Overview

• Develop and draft contract language for policies, coverage enhancements and endorsements for non-standard personal private auto programs across several states.
• Analyze, organize, and effectively distribute information on insurance industry developments, including department of insurance bulletins, enacted legislation, and other information issued by regulatory and non-regulatory authorities such as the American Property Casualty Insurance Association (APCIA).
• Proactively identify and solve regulatory and compliance risks.
• Regularly monitor and assess areas of company operations to assess and ensure proper regulatory compliance.
• Review, revise and test compliance in accordance with regulatory expectations and best practices.
• Lead efforts to manage, develop, implement, and direct changes required by regulatory and insurance industry authorities.
• Research and respond to questions internal business units concerning regulations, legislation, insurance department policies and positions, and other compliance-related issues.
• Ensure accuracy and compliance of product and coverage related marketing materials by reviewing and approving prior to use.
• Provide comprehensive legal review of underwriting guidelines.
• Coordinate with product development teams to ensure that state-specific issues are addressed for new and existing lines of business and assist with product filings.
• Verify that all corporate regulatory policies and procedures affecting all lines of business have been properly documented, implemented, and communicated to relevant internal and external parties.
• Prepare opinions and other memoranda as requested.
• Perform all other duties as assigned.

Requirements

• Juris Doctor (JD) from an accredited law school.
• Licensed to practice law in at least one U.S. jurisdiction, California strongly preferred.
• In-house experience with an auto insurance carrier is strongly preferred.
• 7–10 years of legal experience in personal automobile products.
• Strong understanding of personal auto insurance products and state regulatory frameworks.
• Excellent legal research, writing, and communication skills with the ability to communicate complex legal concepts clearly to non-legal stakeholders.
• Robust analytical abilities and excellent judgment, a pragmatic approach to problem solving, flexibility to adapt and thrive in an environment that is constantly changing, and the ability to make smart decisions in the face of ambiguity and imperfect information.
• Self-directed, solution-focused individual who has a strong work ethic, strong business acumen, and the ability to collaborate cross-functionally to achieve enterprise-wide results.
• Skilled attention to detail and organization required.
• Ability to prioritize and complete time-sensitive projects on time.
• Must deploy sound, mature legal judgment, and influence to build effective working relationships with a wide variety of internal and external colleagues.
• Ability to explain complex and/or sensitive information in a straightforward manner.
• Desire to be a collaborative member of a highly-engaged, high performing team.

Benefits

• Dependent on plan selected