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Smart, Schofield, Shorter & Lunceford Attorneys at law - A Professional Corporation
Schedule a free consultation 801-747-0647

A Salt Lake City Insurance Law Firm Meets Your Needs

Experience is important

For over 21 years, attorneys at Smart, Schofield, Shorter have been representing clients on a wide range of insurance issues.These issues range from simple to extremely complex. During this time, we have established a good working relationship with the Utah Insurance Department, as well as with other state insurance departments. We represent domestic and foreign companies, health insurers, property and casualty companies, worker’s compensation carriers, captives, H.M.O.s, producers, agencies, etc.

We have experience in the following areas:

  • Insurance Company Licensure and Applications
    • Licensure
    • Administrative hearings
    • Statutory compliance
    • Policy issues
    • Examination issues
    • Form A matters
    • Mergers and acquisitions
    • Assumption agreements
  • Captive Insurance
    • Licensure
    • Captive manager
    • Policy issues
    • Financial issues
    • Statutory compliance
    • Worker’s Compensation Defense


  • Lobbying
    • Licensed lobbyists
    • Government relations
  • Corporate Governance
    • Articles of incorporation and by-laws
    • Shared services arrangements and other corporate documents
    • Consultation to management
  • Insurance Producers
    • Licensure issues
    • Administrative hearings
    • Trust account issues
    • Statutory requirements
  • Third-Party Administrators
    • Licensure
    • Administrative hearings
    • Statutory requirements
  • Arbitrations

We also handle all types of administrative and legislative work for insurance carriers. Our insurance attorneys have experience with:

  • Specialized insurance regulation
  • Business transactions, including formation
  • Acquisitions and sales
  • Regulations regarding the transfer of licenses
  • License acquisition

Our legal team provides representation in administrative actions before the Utah insurance department. We can also help insurers with lobbying and other legislative tasks.

Captive insurance formation

Captive insurance is essentially a way for a business to self-insure. We have experience assisting businesses with forming a properly structured captive insurance company. There are a number of benefits to forming a captive which may include:

  • Parent company receives a tax deduction for insurance premiums paid to the captive
  • Ability to protect assets from creditors
  • Lower insurance premiums than conventional insurance
  • Gift and estate tax savings for shareholders
  • Income tax savings for the parent company and the captive
  • Ability to accumulate wealth in a tax-favored entity
  • Distributions to the owners of the captive at favorable income tax rates
  • Ability to insure otherwise uninsurable risks

There are numerous requirements that must be met to correctly form a captive insurance company. Smart, Schofield, Shorter  can review your business’ needs and help you determine if captive insurance is a beneficial option for you.

Call a Salt Lake City insurance law firm with experience

The attorneys at Smart, Schofield, Shorter look forward to working with you. Contact us online or call 801-747-0647 today for your consultation.

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