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Steve W. Kinion, Esq.
Steve W. Kinion, Esq.
ZACK STAMP, LTD
(217) 525-0700 x108
dbo.fn jc Profile(vBoNetContact.ID)
Profile
Steve W. Kinion, Esq.
ZACK STAMP, LTD
225 S. College Street Springfield, IL 62704
(217) 525-0700 x108
(217) 525-0780
Regulatory Cnsl Mbr
Business Transactions, Legislative, Litigation, Regulatory
Illinois, Oklahoma
Bio
Steve Kinion is a partner in the law firm Zack Stamp, Ltd.  He joined the firm on March 1, 1999. His practice focuses on the areas of insurance regulation and compliance, insurance law, employee benefits, insurer taxation, insurance company insolvencies, and captive insurance. As 
a regular attendee at National Association of Insurance Commissioners meetings, Mr. Kinion has developed relationships with insurance regulators in many states. He makes it a priority to be at the forefront of regulatory issues in the insurance industry. 
 
In addition to his legal experience, Steve also has practical insurance experience. He has served on the boards of directors of a property & casualty insurer and the Illinois Comprehensive Health Insurance Plan and Oklahoma Health Insurance High Risk Pool.    
 
Since 2009, Steve has served on a contract basis as the director of the Delaware Insurance Department Bureau of Captive and Financial Insurance Products. From 2014 through 2019, Captive Review magazine has named Steve as one of the 10 most influential figures in the global captive insurance industry. Captive Review named him as the inaugural recipient of the Captive Industry Advocate in 2016 due to his advocacy on behalf of captive insurance before the National Association of Insurance Commissioners.    
 
Steve is licensed to practice law in Illinois and Oklahoma. He served more than 30 years in the U.S. Army Reserve retiring in 2017 at the rank of lieutenant colonel.

Education 
The University of Tulsa, Juris Doctor/Master of Business Administration, 1995 
Northeastern State University, Bachelor of Arts, 1988 
 
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, Bureau of Captive and Financial Insurance 
Products, Delaware Insurance Dept., 2009-Present Member, 
Illinois Comprehensive Health Insurance Plan 
Board of Directors, 2002-2008 
Chair, Oklahoma Health Insurance High Risk Pool Board of Directors, 1999-2008 
Member, National Association of State Comprehensive 
Health Insurance Plans Board of Directors, 2003-2006 
Member, 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 
Greater Springfield Chamber of Commerce, Board of 
Directors, 2005-2006 
President, Ronald McDonald House of Central Illinois, 2008-2009 
Life Member, Veterans of Foreign Wars 

Language Skills 
German

Published Articles 
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 PostJudgment 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, coauthored 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. 

Expert Witness Engagements 
Reserve Mechanical Corp. f.k.a. Reserve Casualty Corp. v. Commissioner of Internal Revenue, reported at T.C. Memo 2018-86, United States Tax Court (Disposition – decision for the Commissioner and the case is now under appeal before the U.S. 10th Circuit Court of Appeals.  I prepared a written opinion and testified on behalf of the taxpayer) 
 
Derek Alan See and Cathy Jo See v. American Security Insurance Company a/k/a Assurant Insurance Group, Case No. CJ-2014-310 in the District Court of Canadian County Oklahoma (Disposition – the case was settled.  I provided a written opinion on behalf of the defendant) 
 
William Wolfe v. American Security Insurance Company, Case No. 13-cv-190-SPS in the Federal District Court for the Eastern District of Oklahoma (Disposition – the case was settled.  I provided a written opinion on behalf of the defendant) 
 
Diana Alles v. American Bankers Life Assurance Company of Florida, Case No. CJ-2011-172 in the Federal District Court for the Eastern District of Oklahoma (Disposition – the case was settled.  I provided a written opinion on behalf of the defendant) 

Gary and Laura Lee v. Bank of America Home Loans, f/k/a Countrywide Home Loans, Inc., Countrywide Financial Corporation, Bank of America Corporation, and American Security Insurance Company, Case No. CJ-2010-06972 in the District Court of Tulsa County Oklahoma (Disposition – the case was settled.  I provided a written opinion on behalf of the defendant) 

Lewis and Barbara Beaumont v. Fortis Benefits Insurance Company, Case No. CJ-06-62 in the District Court of Creek County Oklahoma (Disposition – the case was settled.  I provided a written opinion on behalf of the defendant) 

Karen and Paul Marsh v. Standard Guaranty Insurance Co., Case No. CIV-06-206-SPS in the Federal District Court for the Eastern District of Oklahoma (Disposition – the case was settled.  I provided a written opinion on behalf of the defendant)

Fact Witness Testimony  
Syzygy Insurance Co. v. Commissioner of Internal Revenue, reported at T.C. Memo 2019-34, United States Tax Court (Disposition – decision for the Commissioner.  I was subpoenaed by the Internal Revenue Service to provide testimony)

Published Articles

Published Alerts

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Illinois Implements New Standard6/1/2011
John Doak Takes Office6/1/2011
Legislature Overrides Veto of Interstate Compact Bill12/1/2010
John Doak Elected Insurance Commissioner12/1/2010
Oklahoma Insurance Commissioner Run-Off12/21/2016
State of Illinois COVID-19 Updates5/19/2020
Illinois DOI Calls on Insurers to Disclose Climate-Related Risks11/21/2022
Adoption of Suitability Rule3/28/2023
Clarification of Complaints3/28/2023
Oklahoma Adds 11 Captives in 20223/28/2023
Steve Kinion Named to Power 503/30/2023
Illinois Creates State Based Marketplace7/24/2023
Illinois Enacts Health Insurance Rate Review7/24/2023
Amendment to the Illinois Insurance Code allows IBTs7/24/2023
OID Places Friday Health Plans Into Receivership7/24/2023
Illinois Prohibits Dog Breed Discrimination9/23/2023
Oklahoma Adopts Annuity Suitability and Best Interest Standard Model Act9/23/2023
Earthquake CE No Longer Applicable9/23/2023
Company Bulletin 2024-01 Coverage of Gender-Affirming Care3/18/2024
Company Bulletin 2024-2 Farm Mutuals3/18/2024

Positions in FORC

CommitteePosition
Branding CommitteeBranding Committee Chair90