Présentation
Kristi M. Garrett counsels insurance companies, intermediaries and startups on various insurance regulatory and corporate issues throughout the United States. She guides clients through all aspects of the admitted, exempt and surplus lines insurance business. She spent four years working in the London insurance market where she focused on counseling London market participants on these issues.
Kristi advises clients on InsurTech product development and licensing issues. She provides regulatory advice in connection with the regulatory approval process for acquisition/change of control of insurers and intermediaries for M&A transactions. She has experience guiding clients through state regulatory investigations, insurer applications for surplus lines approval to the NAIC, and structuring group/master policy and trust arrangements, including compliance with the Affordable Care Act.
She actively monitors state insurance-related legislative and regulatory developments, including InsurTech initiatives, non-admitted insurance issues, and rebating and inducement issues.
In addition, Kristi has defended clients in complex commercial litigation, including class actions, and has advised on issues relating to institutional business practices and corporate compliance. She has experience conducting internal reviews and counseling clients through government inquiries and investigations by various state Departments of Insurance, offices of state Attorneys General and the Securities and Exchange Commission.
Results
Insurance Transactional & Regulatory
- Served as regulatory counsel for VC investor in its secondary market investment in a leading telematics insurer*
- Counseled a managing general underwriter on drafting manuscript policy forms and related agreements for parametric insurance products*
- Provided regulatory advice on product development and structure, policy wording, marketing and general agency agreements for the US digital platform of the world’s largest reinsurer*
- Advised alien insurers on formation and licensing of insurance subsidiaries*
- Guided a US insurer on trust formation and state regulatory compliance for portable group insurance products*
- Advised leading intermediaries on strategies for permissible marketing of surplus lines insurance*
Litigation
- Represented a national insurer in district court in a putative class action involving alleged violations of the Unfair Sales and Trade Practices Acts, tortious interference and unjust enrichment*
- Represented a global insurer in state and federal lawsuits involving alleged bid-rigging and price-fixing conspiracy related to contingent commissions in violation of state and federal antitrust laws*
- Counseled a for-profit education institution in an internal investigation regarding New York Attorney General inquiry into post-graduate employment placement practices*
- Represented a leading energy services firm in major shareholder derivative matter, conducting internal review of practices relating to allegations of improper accounting, OFAC/export control violations, FCPA violations, kickbacks and government contracting abuses*
*Matter handled prior to joining McDermott
Distinctions
- Best Lawyers: Ones to Watch 2021, Insurance Law
Credentials
Education
Brooklyn Law School, JD, cum laude, 2006
Northwestern University, BS, 2002
Courts/Agencies
US District Court for the Eastern District of New York
US District Court for the Southern District of New York
Admissions
New York
