Bland & Sorkin, P.C. Innovative legal solutions for your business and insurance needs

News & Recent Accomplishments

Statue of George Washington
Statue of George Washington
  • Richard Bland Recently Spoke at the National Association of Mutual Insurance Companies' Financial Focus Seminar (Chicago), November 2010. Richard Bland Spoke at the IASA Midwest Chapter Meeting (Des Moines/Ankeny) 2009 -- Topic: An Introduction to the Enhanced Mutual Insurance Company.

  • Obtained Private Letter Ruling From IRS for Reciprocal Insurance Company, December 2008 -- Article published in The Risk Retention Reporter, February 2009. Read the News Article. (PDF)

  • Developed Enhanced Mutual Form of Insurance Company Model to Benefit Select Mutual Insurance Companies. Read about some of the Advantages of the Enhanced Mutual Model.

  • Assisted Mutual Insurance Companies on Specialized Mutual Tax and Related Issues.

  • Represented Stock Insurance Company in First Nationwide Conversion of Stock Form of Insurer to Reciprocal Form of Insurer Resulting in Substantial Benefits to Insurer Including Substantial Tax Savings to Insurer on Ongoing Basis.

  • Reciprocal Risk Retention Group Receives Private Letter Ruling From IRS -- Article published in The Risk Retention Reporter, March 2007. Read the Article. (download PDF version)

  • Represented Captive Reciprocal Risk Retention Group in Obtaining Internal Revenue Service Private Letter Ruling Regarding Deductability of Credits to Subscriber Savings Accounts in Light of Reciprocal's Account Establishment, Structure, Handling and Payment Obligations.

  • Assisted in Organization, Capitalization, and Licensing of One of South Carolina's Largest Healthcare Professional Liability Insurance Risk Retention Group Captives.

  • Assisted Multi-Billion Dollar Consumer Product Company with Virginia Insurance Program.

  • Represented Insurer in Redomestication.

  • Represented Reciprocal in Structuring of Subscriber Accounts.

  • Drafted Proposed State Reciprocal Conversion and General Reciprocal Statutes (Later Enacted).

  • Assisted Teaching Hospital with Structure and Documentation of Self-Insurance Trust.

  • Virginia Insurance Counsel in Several Multi-Billion Dollar Insurance-Backed Securities Offerings.

  • Represented Numerous Insurance Companies and Group-Self Insurance Trusts in Mergers and Acquisitions.

  • Organized and Licensed Insurers, Risk Retention Groups and Captives.
Insurance Regulatory Practice Captive Insurance Companies Stock Form of Insurance Company Property and Casualty Insurance Companies Life and Health Insurance Companies Reciprocal Exchange Form of Insurance Company Mutual Form of Insurance Company Enhanced Mutual Form of Insurance Company