With extensive experience in the public sector (NAIC and departments of insurance) as well as in the private sector, the staff at Rector & Associates, Inc. (R&A) is skilled at helping insurance-related companies navigate the regulatory system in any state, develop appropriate products and prices, and increase operating efficiency. This expertise applies to property/casualty insurance, life/health insurance and managed care products.

Transactional Services

When companies are considering buying, selling, merging or entering into other significant transactions, R&A can help:

• Structure and evaluate transactions from both a regulatory and a business standpoint
• Obtain regulatory approvals, including Form A and D filings
• Preserve licenses
• Perform due diligence.

General Insurance Regulatory and Operational Services

R&A can help insurance companies and other insurance-related companies anticipate and resolve industry regulatory compliance issues in all 50 states by providing these services:

• Act as a liaison to any department of insurance
• Apply for certificates of authority
• Perform operations, claims and market conduct insurance reviews
• Perform senior management functions that need to be outsourced, e.g., provide temporary executive staffing
• Obtain approval of product form and rate filings for any type of insurance product.

Insurance Financial Services

R&A can handle financial reporting, monitoring and projecting for life/health and property/casualty insurance:

• Assist with financial reporting requirements or determining appropriate accounting treatment.
• Perform forensic accounting
• Assist with reinsurance and commutation decisions
• Develop models and projections using spreadsheets and other resources for management decision-making.

Property/Casualty Actuarial Services

With property/casualty actuaries (FCAS and MAAA) on staff, R&A can meet most any property/casualty actuarial need:

• Determine, set and test casualty loss reserves
• Develop, review and file casualty policy forms and premium rates
• Complete special projects that require innovative actuarial methods and thinking.

Life/Health Actuarial Services

Through an affiliation with a credentialed health actuary, R&A's actuaries can efficiently complete these responsibilities:

• Determine, set and test life/health reserves and other actuarial liabilities
• Develop, review and file life/health policy forms and premium rates
• Prepare mortality, morbidity and persistency studies
• Profit-test existing products.

Managed Care Services

R&A can assist managed care organizations with a range of regulatory compliance issues:

• Obtain regulatory approvals, including licenses, operations modifications, and product expansions
• Perform compliance reviews of appeals processes
• Assess external reviews and utilization reviews
• Assist with service area expansions, including network sufficiency and contracting requirements
• Solve provider network issues, including timing and amount of payments and contracting issues.

Third Party Administrator Services

R & A can help Third Party Administrators with regulatory compliance issues in all 50 states including:

• Obtain multi-state licenses for a TPA
• Assist with ASO agreement matters
  Resolve fund transfers and commingling issues

Assistance to Troubled Companies

When financial, administrative or compliance problems arise, R&A's experts can help:

• Develop appropriate solutions
• Identify relevant issues, determine appropriate regulatory responses, and prepare and evaluate problem-solving plans
• Advise creditors or affiliates when a company is in conservatorship, rehabilitation or liquidation.

Investment Specialist Services

R&A’s seasoned team of investment experts can help insurance companies review their investment portfolios, no matter the size or complexity.

Litigation Support Services

R&A can assist inside or outside the courtroom:

• Serve as expert witnesses
• Provide litigation consultation.