Attorneys At Law
ATTORNEYS
Meet the Attorneys
Take a moment to learn more about the attorneys at Zack Stamp, Ltd. Our team has a decade of experience defending clients' rights at the local, state, and federal levels. When you or your company need high-quality representation you can count on, you need the team at Zack Stamp, Ltd. Call us today to schedule your appointment.
Steve W. Kinion
Steve Kinion joined the firm on March 1, 1999. His practice focuses on insurance regulation and compliance, captive insurance, insurer taxation, and insurance company insolvencies.
He has counseled organizations such as fraternal benefit societies, insurers, insurance producers, third-party administrators, and self-insured workers' compensation pools on a variety of matters, including redomesticating insurers, reinsurance agreements, premium tax matters, financial and market conduct examinations, and receiverships.
For more than 20 years, Steve has represented insurance licensees in examination and disciplinary hearings before the Illinois Insurance Department. He is familiar with Illinois’ rules for interpreting and applying the statutes and regulations for examinations, investigations, and hearings. He is well-versed with the procedural rules for administrative hearings and seeking review in the circuit court.
One of Steve’s strengths is captive insurance. He holds the Associate in Captive Insurance (ACI) designation which is the highest professional designation for captive insurance. Fewer than 1,000 individuals worldwide hold the ACI designation.
Since 2014, Captive Review
has named Steve as one of the 50 most influential figures in the global captive insurance industry. Captive Review also named him as the inaugural recipient of the Captive Industry Advocate of the Year in 2016 due to his advocacy on behalf of captive insurance before the National Association of Insurance Commissioners.
One of Steve’s current clients is the Oklahoma Insurance Department where he advises on captive insurance matters. He did the same from 2009-2022 for the Delaware Insurance Department.
Steve is a veteran. He served for over 30 years in the U.S. Army Reserve, retiring in 2017 as a lieutenant colonel.
Legal Experience
Partner, Zack Stamp, Ltd., Attorneys at Law, 1999-Present
Assistant General Counsel, Oklahoma Insurance Department, 1995-1999
Counsel, Oklahoma State Board for Property and Casualty Rates, 1995-1996
Judge Advocate, U.S. Army Judge Advocate General Corps, U.S. Army Reserve, 1996-2017
Deputy Staff Judge Advocate, U.S. Army Civil-Military Task Force, Sarajevo, Bosnia, 1996-1997
Insurance Experience
Director, International Center for Captive Insurance Education Board of Directors, 2023-Present
Captive Insurance Director, Oklahoma Insurance Department, 2022-Present
Director, Bureau of Captive and Financial Insurance Products, Delaware Insurance Dept., 2009-2022
Director, Illinois Comprehensive Health Insurance Plan Board of Directors, 2002-2008
Chair, Oklahoma Health Insurance High Risk Pool Board of Directors, 1999-2008
Director, Bond Safeguard Insurance Company Board of Directors, 2003-2009
Director, Bond Safeguard Insurance Company Board of Directors, 2003-2009
Oklahoma Legislative Affairs Manager, Farmers Insurance Group of Companies, 1999
Civic and Professional Experience
Chair, American Bar Association Insurance Regulation Committee, 2001-2002
Federation of Regulatory Counsel, 2004-Present
Life Member, Veterans of Foreign Wars
Language Skills
German
Published Articles
A Summary of Illinois Insurance Effective January 1, 2023,
FORC Journal, Vol. 34 Ed. 1, Spring 2023.
Cryptocurrency in Insurance Company Financial Reporting,
FORC Journal, Vol. 33 Ed. 1, Spring 2022.
The Four Models of Why or Why Not Go Captive,
Captive Insurance Company Reports, August 2019.
Why Go Captive,
The Regulator, Insurance Regulatory Examiners Society, Fall 2016.
Series Captive Insurance Companies,
Captive Review, April 2016, co-authored with Jeff Simpson.
Is an Insurance Department Administrative Order a Judgment for Awarding Prejudgment and Post-Judgment Interest?
FORC Journal, Summer 2013.
Corporate Governance Standards for Risk Retention Groups: State Expertise vs. Federal Inexperience. Fixing What is Not Broken,
The Risk Retention Reporter, December 2011.
The Industrial Insured in Illinois: Tax Consequences - Are There Any?,
FORC Journal, Winter 2008, co-authored with Dana Deen Kinion.
Crimes of Dishonesty and Breach of Trust: Is Theft Such a Crime Under 18 U.S.C.§ 1033(e)?,
FORC Quarterly Journal of Insurance Law and Regulation, June 2003.
Insurance Securitization 101,
ABA Public Regulation of Insurance Law Committee Newsletter, Summer 1999.
Internal Revenue Service Public Hearing Testimony
Microcaptive Listed Transaction and Microcaptive Transactions of Interest, REG-109309-22, July 19, 2023, transcript accessible at IRS Hearing Transcript on Microcaptive Transactions Is Available | Tax Notes
Podcasts
Steve Kinion on Delaware Department of Insurance v. Internal Revenue Service, Captive Intelligence, December 11, 2023, GCP #97: Steve Kinion on DDOI V IRS, Alberta’s Rick Da Costa, and SS&C Technologies - Captive Intelligence
Ellen Charnley, Steve Kinion, and Cayman Captive Forum Report, December 19, 2022, GCP #78: Ellen Charnley, Steve Kinion, and Cayman Captive Forum report - Captive Intelligence
Steve Kinion on Delaware Exit and D&O, plus M&T Bank’s Ian Davis, August 29, 2022, GCP #72: Steve Kinion on Delaware exit and D&O, plus M&T Bank’s Ian Davis - Captive Intelligence
Steve Kinion, Fredrik Finnman, Karin Landry and Mikhail Raybshtevn, March 31, 2019, GCP #3: Steve Kinion, Fredrik Finnman, Karin Landry and Mikhail Raybshteyn - Captive Intelligence
AM BestTV Interviews
Former Delaware Captive Director is OK in Oklahoma. March 17, 2023
Delaware Captive Director: ‘Conditional Licensing’ Popular with Applicants. December 7, 2020
Delaware’s Kinion: Captives Should Remain Eligible for Fed Home Loan Bank Membership. August 28, 2019
Delaware’s Kinion: Data Security Model Will Indirectly Affect Captives. August 7, 2019
Delaware’s Kinion: States’ New Conditional Licensing Helps Drive Captive Growth. March 11, 2019
Delaware’s Kinion: State is First U.S. Captive Domicile to Adopt Conditional Licensing. November 9, 2018
Delaware’s Kinion: Proposed Capital Standards Undermine Captive Regulation. October 2017
Delaware Captive Director: Captives Must Monitor their Terrorism Risk Exposure. August 9, 2017
From 38 to 1,000 Plus Captives. March 15, 2017
Changes in Federal Tax Law Spark Captive Activity. September 22, 2016.
China Looks to Captives for Insurance Growth. August 2016
Delaware's Kinion: Captive Use of FHLB Helps Affordable Housing. August 12, 2015
A.M. Best Radio Issues and Answers. Interview with Steve Kinion in 2015
A.M. Best Radio Issues and Answers. Interview with Steve Kinion in 2014
Industry Roundtable. What Happened at the 2013 NAIC Fall Meeting
Comments About Steve Kinion Made by Others
Oklahoma Insurance Commissioner Glen Mulready. November 2, 2022
Steve is a recognized leader and effective advocate of the booming captive insurance sector. His extensive knowledge and experience with captive insurance and insurance law and regulation will ensure that Oklahoma stays an extremely competitive jurisdiction. We look forward to welcoming Steve back to Oklahoma.
Joanne Shaver, President of the Delaware Captive Insurance Association. June 7, 2021.
[Steve is], “extremely knowledgeable and well respected in the global captive industry.”
Delaware Insurance Commissioner Trinidad Navarro. May 9, 2017
After doing my homework and conducting interviews, I frankly could not find anyone else of Steve’s caliber. He is a captive insurance professional and expert, and the best choice for Delaware.
Peter Cavanaugh, President of the Delaware Captive Insurance Association. May 9, 2017
The stability we get with Steve is tremendous . . . the members of the DCIA have really enjoyed working with him and the way he manages the captive arena for Delaware so the stability added by having him there in my view is tremendous for the state.
Kevin J. McFadden
Mr. McFadden, a partner at Zack Stamp, Ltd. since 1997, practices in the areas of business law, construction law and administrative law. His business law practice involves representing clients on matters of business planning, formations, acquisitions, contracts and governance. Mr. McFadden's construction law practice consists primarily of serving as outside general counsel for a Springfield-based construction firm. His administrative law practice involves representing financial institutions and insurance organizations on regulatory compliance matters.
Practice Areas:
Business Law
Construction Law
Administrative Law
Education:
University of Illinois, Juris Doctor, 1992
University of Illinois, Bachelor of Arts, 1988
Bar Admissions:
Illinois State Courts
U.S. District Court, Central District of Illinois
U.S. District Court, Northern District of Illinois
Experience:
Partner, Zack Stamp, Ltd., 1997 to Present
Associate Attorney, Peterson & Ross, 1992-1997
Executive Director, Illinois Financial Services Association, 1996 to 2019
Administrative Hearing Prosecutor, Office of the Illinois Secretary of State, 1994-1996
Legislative Staff Analyst, Illinois House of Representatives, 1988-1989
Professional and Civic Activities:
Member, Illinois State Bar Association
Member, Sangamon County Bar Association
Insurance Company Boards:
- American Independent Insurance Company
- Apollo Casualty Company
- Bond Safeguard Insurance Company (2009-2013)
- Personal Service Insurance Company
- Omni Insurance Company
- Omni Indemnity Company
Chairman, City of Springfield Public Building Commission, 1995-2004
Member, Illinois Debt Management Services Advisory Board, 2001-2006
Recipient, Springfield Business Journal Forty Under 40 Award
Board Member, Kidzeum of Health & Science
Publications and Reported Cases:
Illinois Bar Journal Casenote: Labor Law / Handbilling / Access to Private Property,
80 Ill. B.J. 144 (1992)
Reported case: Truman L. Flatt & Sons Co. v. Schupf, 271 Ill. App. 3d 983, 649 N.E. 2d 990 (4th Dist. 1995), cert. denied, 163 Ill. 2d 590, 657 N.E. 2d 640 (Oct. 4, 1995).