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Overview

Yani R. Contreras is an attorney licensed in Mexico and a consultant in the firm’s Insurance Regulatory and Transactional Practice Group. Her practice is primarily focused on the areas of insurance, financial services and corporate law. Ms. Contreras has extensive experience in life insurance and annuities, including variable products, health insurance, P&C, travel insurance, surplus lines and reinsurance. Ms. Contreras has participated in regulatory advice relating:

  • The Florida Alien Insurance Act that allows foreign insurers to sell life and health products in Florida to non U.S. persons.
  • Regulatory compliance by insurance intermediaries in connection with the distribution of U.S. domestic and offshore products and the design of compensation schemes under state law.
  • Development of guidelines for the sale of U.S. life insurance policies to foreign nationals, assessment due to foreign national’s country of residence, and the use of foreign entities in connection with the purchase of U.S. life insurance policies.
  • Money laundering issues arising in connection with sale of a U.S. life policy to foreign nationals, including payments to a U.S. insurance company from an offshore trust or other company from a bank account in a foreign financial institution.
  • Compliance of private placement life insurance products under federal securities laws.

Ms. Contreras also focuses on insurance regulatory matters including offshore transactions and foreign regulatory compliance, with an emphasis on Latin America and the Caribbean, Europe  and some Asian countries, including the determination of whether residents of certain countries may be allowed to purchase offshore insurance products outside of his/her country of residence. She also has advised foreign insurance companies in connection with tax issues that may arise in connection with the sale of offshore products, and tax amnesty programs that have been implemented in Latin America.

Ms. Contreras also has experience with other transactional work in Latin America, including cross-border and financing transactions, with a particular focus on Mexico. She has assisted with advising United States and foreign companies in the Office of Foreign Assets Control (OFAC) and FCPA compliance matters, as well as U.S. and international anti-money laundering requirements.

Before joining the firm, Ms. Contreras practiced as a foreign attorney and consultant in two major U.S. law firms, one with an office in Mexico, and prior to holding that position, she was an associate in a well-recognized law firm in Mexico City.

Admissions

  • Mexico

Languages Spoken

  • English
  • Spanish

Education

  • Northwestern University School of Law, LL.M., with honors
  • Universidad Iberoamericana, J.D.
  • General corporate work, including incorporation of companies, drafting of corporate resolutions, corporate restructure and drafting commercial agreements.
  • Development of multinational insurance companies’ internal policies, with a particular focus on variable insurance and annuity products to ensure compliance with insurance, tax and securities laws in the United States, as well as in various Latin American countries including Brazil, Colombia, Venezuela, Peru, Ecuador, Argentina and Mexico.
  • Advice on internal policy implications in connection to privacy laws.
  • Advice on laws regulating distributors and their distribution arrangements in Latin America and the Caribbean  
  • Analysis of the insurance laws of select Latin American countries, including Mexico and Panama to assist clients in the creation of an insurance fronting arrangement to permit the sale of insurance policies in those countries 
  • Draft guidance on global and Mexico anti-bribery and anti-corruption policies for a pharmaceutical company doing business in Mexico in order to comply with Foreign Corrupt Practices Act (FCPA) and local laws
  • Would a Banking Reform Measure Boost Mexico’s Economy?
    Inter-American Dialogue Financial Services Advisor, December 12, 2013 – January 8, 2014
  • How Well Is Mexico’s New Anti-Money Laundering Law Working?
    Inter-American Dialogue Financial Services Advisor, November 14-27, 2013
  • Patient Protection and Affordable Care Act: American Health Benefit Exchanges and CO-OPs – Competition and Coverage
    Holland & Knight Alert, June 22, 2010
  • Insurance and Reinsurance Monopolies – Is It Really the End?
    Major Developments in Costa Rica and Brazil: The 2010 Forecast, Holland & Knight Alert, June 3, 2010
  • Do Microlenders Have Excessively High Interest Rates?
    Financial Services Advisor, April 22, 2010
  • U.S. – Chile Tax Treaty may impact taxation on U.S. insurers
    Insurance Day, March 19, 2010
  • Insurance and Reinsurance Monopolies – Is It Really the End?
    Major Developments in Costa Rica and Brazil: The 2010 Forecast, March 9, 2010
Super Lawyers Martindale Hubbel AV Preeminent Law 360