Location: On-site in Glen Allen, VA
Department: Legal
Position Overview:
We are seeking an attorney to join our Legal Department as Product Compliance Counsel. In this role, you will lead the design, evolution, and production of our commercial insurance products and policy forms. This is an excellent opportunity for an attorney with insurance coverage, regulatory, or contract drafting experience to transition into a dynamic in-house role that combines legal analysis with business strategy.
Responsibilities:
Product Design & Legal Drafting
- Lead the drafting, review, revision, and production of policy forms, endorsements, and applications for new and existing commercial insurance products.
- Translate underwriting objectives and strategies into precise, legally sound policy language.
- Evaluate existing products and recommend enhancements based on case law developments, regulatory changes, and market trends.
- Partner with internal legal and compliance teams to ensure all products meet applicable regulatory requirements.
- Research and interpret state and federal insurance statutes and regulations as they apply to product design.
- Partner with internal stakeholders to align form language and risk appetite.
- Support underwriting and claims with coverage interpretations, training, and documentation.
- Collaborate with IT and operations teams to implement policy changes into systems and processes.
- Lead internal initiatives for product standardization, innovation pilots, or compliance audits.
- Serve as a key legal resource in product-related projects and internal audits.
Preferred Qualifications, Skills, and Knowledge:
- J.D. and active bar license required.
- 3+ years of experience in insurance coverage, product development, regulatory, or contract drafting roles.
- Strong understanding of commercial lines insurance products and policy form structures.
- Experience with contract language and interpretation from a regulatory and/or litigation perspective a plus
- Proven ability to draft, analyze, and interpret insurance policy or contract language and related legal documents.
- Familiarity with insurance regulatory frameworks across states.
- Familiarity with ISO forms a plus.
- Excellent analytical, writing, and communication skills.
- Strong proficiency with Microsoft Office; experience with contract lifecycle management tools a plus.
Top Skills
What We Do
Richmond National is a specialty property & casualty insurance company focused on providing insurance to small and mid-size businesses that are unable to find coverage in the standard insurance market.
We operate exclusively within the excess & surplus lines market, which provides our underwriters flexibility to develop highly tailored policies to best meet the insurance needs and risk management objectives of our customers.
We work with a select group of appointed wholesale brokers that are deeply familiar with our insurance products and our underwriting appetite in the areas in which we focus. We believe that our wholesale broker partners value access to carriers that are consistent, stable sources of wholesale-only E&S capacity that can respond quickly to opportunities.
Our company was formed by a group of highly experienced industry professionals, many of whom have worked for some of the most successful E&S carriers in the industry. Members of our management team have also been responsible for the formation or capitalization of several successful startup and early stage specialty insurance companies.
We have adopted the best practices of the specialty insurance companies we have been involved with over the last 25 years while also incorporating the use of modern, cloud-based technology to help drive efficiency across our business in order to better serve our customers and business partners.
