Regulatory Counsel

Job Description:

The Insurance Compact Commission has an exciting opportunity for a Regulatory Counsel. We are looking for a team member who would enjoy working for an organization that supports insurance regulators, consumers, and insurance companies by improving the efficiency and uniformity of product filing review and approval in the ever-changing insurance marketplace. The Regulatory Counsel will provide expert legal advice, analysis and guidance on insurance regulatory matters, especially with respect to compliance and interpretation of the Compact, Bylaws, the Uniform Standards, Operating Procedures, and other organizational processes and requirements. This team member will collaborate with the executive leadership to address legal questions that arise in carrying out the organization’s product review operations, rulemaking, member and committee support activities.

Are you driven to utilize your multi-tasking skills while delivering excellent service to build long-lasting rapport? If so, this is a perfect opportunity for you! This is a full-time position, remote position.

Responsibilities include:

• Researches and analyzes product content requirements, including model laws, federal and state laws and issued products to support the development of new or amended Uniform Standards.

• Researches and analyzes administrative requirements, including model laws, federal and state laws and best practices to support the development of new and amended rules, Operating Procedures and processes.

• Provides legal guidance on the Compact’s rulemaking requirements and activities for development of Uniform Standards, Rules and Operating Procedures

• Provides legal and technical expertise to the product operations to support the review of insurance products within the scope of the Compact and its Uniform Standards.

• Serves as a legal point of contact for state insurance departments, the Management Committee, and various advisory committees (Legislative, Consumer, and Industry) regarding Compact law and principles, and Uniform Standards development and interpretation.

• Tracks, researches and analyzes the impact of state and federal legislative and regulatory activities and changes, including changes to NAIC Model Laws, Regulations, Actuarial Guidelines or other applicable requirements, which may affect the Compact Uniform Standards, Operating Procedures or processes.

• Provides excellent customer service and effectively works with Commissioners, state insurance regulators, state legislators, company and industry representatives, consumers, and NAIC team to timely address questions and concerns.

Minimum Education and/or experience required:

A Juris Doctor (JD) from an accredited law school and active membership in at least one U.S. state bar. Between 5 to 10 years of legal or regulatory experience in the insurance or other financial sector.

Must have excellent communication and interpersonal abilities. High level of discretion and confidentiality. Ability to manage multiple priorities and work under pressure. Strong analytical and problem-solving skills.

Preferred Experience:

Experience with insurance product compliance and/or familiarity with interstate compacts preferred.
 

Compensation:

Starting at $123,599 - $140,000 to be commensurate with experience and education.

Systems & Technology Requirements

Microsoft Windows, Word, Outlook, Excel and SharePoint. Legal research tools such as Westlaw, Lexis/Nexis, NILS

Travel:

This position requires regular, out-of-state, overnight travel in support of member meetings and events throughout the year.

Interested in learning more about the amazing benefits the NAIC offers? Visit our Benefits page for more information.