Charles Henricks joined Stroock as an insurance finance consultant to the firm’s Insurance Practice Group in October 2003.
Mr. Henricks has over three decades of experience in insurance. As the New York State Insurance Department’s Co-Chief and Chief Insurance Examiner of the Health Bureau, he managed the agency’s regulation of accident and health insurers, non-profit health insurers and health maintenance organizations. As a government official, Mr. Henricks did extensive work with the state’s Insurance Law, including developing the 1983-84 recodification of the Insurance Law’s provisions governing the financial condition and operations of non-life insurers. Later he worked extensively on revisions to Article 14 of the Insurance Law, governing legal investments.
Other significant matters overseen by Mr. Henricks during his tenure include the conversion of Empire Blue Cross/Blue Shield to a stock corporation. He was the principal draftsman of many regulations; including those affecting letters of credit (Regulation 133), trust agreements (Regulation 114), and risk transfer between insurers and health care providers (Regulation 164).
He joined the New York State Insurance Department in 1969 and was assigned to the Financial Condition Property/Casualty Bureau where he became Deputy Chief in 1995. In 1998 he was transferred to the newly created Health Bureau where he was promoted to Chief Examiner two years later. |