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Scott M. Kosnoff, Esq.
Scott M. Kosnoff, Esq.
FAEGRE BAKER DANIELS, LLP
(317) 237-1201
dbo.fn jc Profile(vBoNetContact.ID)
Profile
Scott M. Kosnoff, Esq.
FAEGRE BAKER DANIELS, LLP
300 North Meridian Street, Suite 2700 Indianapolis, IN 46204
(317) 237-1201
(317) 237-1000

Phone: (317) 251-7846
Regulatory Cnsl Mbr
Business Transactions, Legislative, Litigation, Regulatory
Indiana
Bio
Scott Kosnoff loves his job. As a leading regulatory, transactional and public policy lawyer, he has been making the world a safer place for the insurance industry for more than 25 years. Scott advises insurance companies and regulators nationwide on:

--Federal legislative, regulatory and policy developments emanating from Congress, Treasury, the Federal Insurance Office, the FDIC and the Fed
--International insurance regulation, including standard setting by the Financial Stability Board, the International Association of Insurance Supervisors and the International Monetary Fund’s financial sector assessment program
--State-based insurance regulation, including matters pending before the NAIC
--Risk transfer arrangements between health insurers/HMOs and providers/health care intermediaries
--Mergers, acquisitions and multistate regulatory approvals (Form A filings, public hearings, Form E filings)
--Indemnity and assumption reinsurance transactions and credit for reinsurance issues
--Holding company and corporate governance issues, including board duties and disclosure requirements
--Troubled company and insolvency matters
--Suitability, sales practices and compliance assessments/gap analysis
--Market conduct and regulatory matters of all shapes and sizes

Recently, Scott has advised such clients as American Enterprise, Cambia Health Solutions, CNO Financial, Commonwealth Annuity, the District of Columbia Department of Insurance, Securities and Banking, Fannie Mae, Genworth Financial, Global Atlantic, Great American, the Iowa Division of Insurance, the National Organization of Life and Health Insurance Guaranty Associations (NOLHGA), the National Conference of Insurance Guaranty Funds (NCIGF), Protective Life, and UnitedHealth Group. But not all on the same day.

Some Recent Assignments
--Advising multiple clients on federal and international regulatory developments impacting the insurance industry
--Representing the U.S. insurance guaranty system on financial stability, resolution and related public policy matters in Washington and internationally. Worked closely with the NAIC and trade associations in responding to a Financial Stability Board proposal regarding resolution strategies; participated in closed-door resolution workshop hosted by the FSB in Basel
--Helping a Fortune 100 financial services company respond to federal regulatory concerns regarding its insurance operations, including implementation of remediation plans and development of a risk-based compliance strategy
--Advising the D.C. Commissioner of Insurance, Securities and Banking in connection with the examination and subsequent rehabilitation of the District's largest Medicaid HMO, D.C. Chartered Health Plan
--Advising multiple insurers on reinsurance transactions
--Representing a leading long-term care insurer in connection with a contested rate hearing and other regulatory matters
--Helping Fannie Mae evaluate reinsurance transactions involving multiple mortgage insurers
--Representing the Iowa Insurance Commissioner (and then-NAIC President) in examining the state's largest health insurer and determining whether the company's dominant market share had an adverse impact on Iowa consumers

Honors
--The Best Lawyers in America — Corporate Law, 2007-17, and Insurance Law, 2009-17
--Indianapolis Business Journal — Who's Who in Insurance, 2002
Professional Organizations
--Association of Life Insurance Counsel
--Federation of Regulatory Counsel — Past Chair
--American Bar Association — Tort, Trial and Insurance Practice Section (Insurance Regulation Committee, Past Chair)
--National Association of Insurance Commissioners — Regularly attends NAIC meetings
Presentations
--Dodd-Frank and Its Impact on Insurance Regulation
--No Rest for the Weary: State, Federal and International Developments Impacting Guaranty Funds
--How U.S. and International Responses to the Financial Crisis Are Shaping the Future of Insurance Regulation
--Update on International Insurance Regulation
--The FDIC's Preferred Resolution Strategy Under Dodd-Frank
--Federal and International Update Regarding Receivership and Guaranty System Issues
--Financial Services Reform: Implications for the Insurance Industry
--Resolution Mechanisms in an Era of Systemic Risk
--Acquisitions of Regulated Companies and Blocks of Business
--60 Minutes of Suitability
--PBMs: Living in a Brave New (Increasingly) Regulated World
--Constructive Guaranty Association/Receiver Interactions in a World of Complex Products and Interests

Published Articles
--Resolution in the Spotlight Co-author with Sara Powell, NOLHGA Journal Vol. XXII, Number 2, June 2016
--From All Sides Co-author with Sara Powell, NOLHGA Journal Vol. XXI, Number 2, June 2015
--Learning From the Financial Crisis Co-author with Sara Powell, FORC Quarterly Journal of Insurance Law and Regulation, March 2014
--FIO Report Outline May Be a Hoax FORC Quarterly Journal of Insurance Law and Regulation, November 2012
--Life Reinsurance You Can Count On FORC Quarterly Journal of Insurance Law and Regulation, September 2003

Services & Industries
• Insurance
--Health Insurance Companies
--Insurance Guaranty Systems
--Insurance Industry Associations
--Insurance Insolvency
--Insurance Regulation
--Life Insurance Companies
--Mutual Insurance Companies
--Property & Casualty Insurance Companies
• Corporate
--Mergers & Acquisitions
• International

Education
University of Michigan Law School J.D., magna cum laude, Order of the Coif, Michigan Law Review (associate and contributing editor) (1988)
Indiana University, Bloomington B.S., with highest distinction (1985)
Bar Admissions
Indiana
Court Admissions
U.S. District Court for the Southern District of Indiana

Desert Island Must-Haves
--U2, Star Trek, Iced Tea with Extra Lemon

Published Alerts

TitlePublish Date
NAIC tackles Artificial Intelligence11/14/2019

Positions in FORC

CommitteePosition
There are no records.