Product Counsel

Aspire General Insurance Company and its affiliated general agent, Aspire General Insurance Services, are on a mission to deliver affordable specialty auto coverage to drivers without compromising outstanding service. Our company values can best be described with ABLE: to always do the right thing, be yourself, learn and evolve, and execute. Join our team where every individual takes pride in driving their role for shared success.

POSITION SUMMARY:

This role is a critical partner to various business units; the Product Counsel will serve as a legal advisor on product development and strategy and insurance regulatory and compliance issues. The incumbent will be responsible for advising the underwriting and product teams on rate, rule and form matters, developing and drafting contract language for coverage enhancements, endorsements, and training the business on legal and regulatory developments and trends in further promotion of a culture of compliance and innovation. The incumbent will be the primary legal counsel for form and rule development, as well as conducting legal review of underwriting guidelines and standards.

DUTIES:

· 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.