Jay A. Thompson has considerable experience in both regulatory and legislative issues involving the business of insurance. He regularly participates in regulatory proceedings involving contested case hearings, contested rate hearings, policy form approvals, rulemaking, licensing, mergers, acquisition and dissolution of insurance companies and other regulatory matters before the Texas Department of Insurance.
As a registered lobbyist, Jay has represented both the property/casualty and life, accident and health insurance industry on legislative issues impacting those insurers. He has worked closely with leadership in Texas to find constructive solutions to legislative issues. He has
written numerous bills and amendments to the Texas Insurance Code and has been recognized as a leading expert on insurance regulation.
Jay has also represented insurers in litigation involving insurance bad faith, tax disputes against the state of Texas, appeals from administrative actions at the Texas Department of Insurance, disputes involving reinsurance, and disputes between companies and agents. Jay is recognized as a leading attorney in Chambers and Partner's as a Leading Lawyer in America for Insurance.
DRAFTED LEGISLATION OR AMENDMENTS ON VARIOUS ISSUES INCLUDING:
- Legislation on non-insurance benefits in life/health insurance
- Legislation on the use of private placement offerings in variable products
- Legislation on funding for the Texas Windstorm Insurance Association
- Legislation on unfair discrimination
- Legislation permitting conversion of a mutual life company to a mutual holding company
- Legislation on reports to employers by health insurers
- Legislation on rate and form regulation for property/casualty insurers
- Legislation on prompt payment of claims
REGULATORY ISSUES INCLUDED:
- Conversion of a reciprocal to a stock company
- Represented medical malpractice insurance rate case
- Representation of various insurers and agents in disciplinary actions brought by the
- Creation of new companies
- Representation of various insurers in filing and approval of withdrawal plans
- Representation of various insurers in filing and approval of surplus debentures, reinsurance agreements, and other holding company transactions
- Co-counsel in a leading Texas Supreme Court bad faith case often cited in insurance seminars, American Physicians v. Garcia.
Professional & Community Activity
- Federation of Regulatory Counsel
- Nominated by peers to The Best Lawyers in America® 2012-2016 in the field of Insurance Law and Administrative/Regulatory Law. (Copyright 2013 by Woodward/White, Inc., of Aiken, SC)
- Chambers USA, Top Insurance Attorneys in Texas 2005-2007
- Chambers USA, Leader in their Field for Insurance and Insurance: Regulation in Texas 2003-2016
- “AV” Peer Review Rated by Martindale-Hubbell.
- Governmental & Legislative Advocacy
- Insurance Regulatory & Transactions
- The University of Texas School of Law
- Texas Tech University
- Texas, 1972
- United States Court of Military Appeals, 1973
- United States District Court Northern and Western Districts of Texas
- United States Supreme Court, 1988