Paul Weil is a tax and general business lawyer who has had a long association with the life and property and casualty insurance business. He has advised stock and mutual insurance companies concerning the U.S. taxation of their income derived from the underwriting of both life and casualty risks. In the capacity of special counsel to both life and casualty insurance companies, he has written provisions of various life and casualty insurance policies, negotiated re-insurance treaties and participated in the formation and operation of captive insurance companies which underwrote health, general liability and workers’ compensation risks.
Mr. Weil also has represented various for-profit and not-for-profit associations in the design, formation, documentation and implementation of pools to share workers’ compensation, health and general liability risks. As a part of such representation, he has drafted legislation adopted by various states to permit such pools and obtained the approval of the Department of Insurance and the Division of Workers’ Compensation of the Department of Labor of the State of Missouri to operate such pools. He is familiar with the actuarial and accounting principles applicable to such pools. He also has informally advised the Division of Insurance and Workers’ Compensation of the State of Missouri on various legislative matters.
Mr. Weil also has advised multi-national clients concerning the domestic and international tax and business law aspects of intellectual property transactions, office automation and the operation of high technology business. He has negotiated and drafted computer hardware and software purchase, lease and license agreements.
Mr. Weil has represented multi-national clients and others in disputes with carriers and regulatory agencies in respect of rate making, premium allocation among risks, self insured retention/retrospective underwriting, incurred but unreported reserves and surplus. He is familiar with home office operations and their expense factors, ASO contracts and agency relations. He is conversant with both the economic principles and actuarial concepts which underlie most life and casualty risks. He has a working knowledge of the reinsurance markets and regularly monitors the worldwide economic factors which effect changes in those markets.
St. Louis Bar Association – Vice President, 1969-1972; Treasurer, 1972-1973
Midwest Regional Commissioner of Internal Revenue – ABA Tax Section Liaison, 1982-1985
Civic Involvement and Honors
The Tilles Fund – Board of Trustees, 1986-present
Temple Israel – Board of Trustees (current); President, 1980-83
Missouri Athletic Club – Board of Governors, 1988-1991
Paul Weil is a tax and general business lawyer. His areas of concentration include regulatory insurance and risk management.
Bar and Court Admissions
United States District Court for the Eastern District of Missouri
United States Tax Court
Washington University, J.D., 1959
Washington University, B.S., 1959
- St. Louis Bar Association – Vice President, 1969-1972; Treasurer, 1972-1973
- Midwest Regional Commissioner of Internal Revenue – ABA Tax Section Liaison, 1982-1985
Civic Involvement and Honors
- The Tilles Fund – Board of Trustees, 1986-present
- Temple Israel – Board of Trustees 1980-2000; President, 1980-83
- Missouri Athletic Club – Board of Governors, 1988-1991