Life Insurance Company Products
What You Will Learn
This annual advanced two-day Conference, comprising 12 hours of instruction, is designed for professionals who deal with life insurance and annuity products and their related mutual fund investments, whether as a private practitioner, an in-house corporate counsel, or a compliance officer of an insurance company, broker-dealer, investment adviser, mutual fund organization, or bank. It is a concentrated course of study on applicable federal and state securities and insurance laws and regulations, as well as related tax and ERISA matters.
A faculty of practicing lawyers and representatives of government agencies and self-regulatory organizations examine significant recent regulatory developments as they relate to fixed and separate account products of life insurance companies as well as to underlying mutual fund investments. Recent disclosure and regulatory developments affecting new types of products, the distribution and sales of insurance and annuity products, and the significant recent changes in the tax, regulatory and enforcement climate are reviewed by experts in the field.
This Conference is valuable to anyone involved in the distribution, marketing, development, or administration of life insurance company products, or in the compliance process for offering and administering these products.
This year’s Conference features a keynote address by Andrew J. Donohue, Director of the SEC’s Division of Investment Management.
Time is reserved throughout the Conference to address written questions submitted by the registrants
Planning Chairs
Joan E. Boros, Jorden Burt LLP, Washington, D.C.
Stephen E. Roth, Sutherland Asbill & Brennan LLP, Washington, D.C.
Faculty
KEYNOTE SPEAKER
Andrew J. Donohue, Director, Division of Investment Management, U.S. Securities and Exchange Commission, Washington, D.C.
FACULTY
Wendy L. Carlson, General Counsel and CFO, American Equity Investment Life Holding Company, West Des Moines, Iowa
Paul G. Cellupica, Chief Counsel, Metropolitan Life Insurance Company, Long Island City, New York
Richard T. Choi, Jorden Burt LLP, Washington, D.C.
Gary O. Cohen, Jorden Burt LLP, Washington, D.C.
W. Thomas Conner, Sutherland Asbill & Brennan LLP, Washington, D.C.
Roy P. Creedon, Assistant Vice President, Sun Life Assurance Company of Canada, Wellesley Hills, Massachusetts
C. Hunter Jones, Associate Director, Division of Investment Management, U.S. Securities and Exchange Commission, Washington, D.C.
Michael L. Kerley, Vice President and Associate General Counsel, Massachusetts Mutual Life Insurance Company, Springfield, Massachusetts
Clifford E. Kirsch, Sutherland Asbill & Brennan LLP, New York; former Vice President and Senior Corporate Counsel, The Prudential Insurance Company of America
Lawrence N. Kosciulek, Associate Director, Investment Companies Regulation, NASD Regulation, Inc., Washington, D.C.
William J. Kotapish, Assistant Director, Office of Insurance Products, U.S. Securities and Exchange Commission, Washington, D.C.
Catherine McGuire, Associate Director and Chief Counsel, Division of Market Regulation, U.S. Securities and Exchange Commission, Washington, D.C.
Joseph F. McKeever, III, Davis & Harman LLP, Washington, D.C.
Susan Nash, Associate Director, Disclosure and Insurance Product Regulation, Division of Investment Management, U.S. Securities and Exchange Commission, Washington, D.C.
Timothy C. Pfeifer, Milliman, Inc., Chicago
James A. Polfer, Attorney Advisor, Office of Associate Chief Counsel, Internal Revenue Service, Washington, D.C.
Jeffrey S. Puretz, Dechert LLP, Washington, D.C.
Steven R. Savini, Associate General Counsel, Nationwide Financial Services, Columbus, Ohio
Stephen M. Saxon, Groom Law Group, Chartered, Washington, D.C.
Rick F. Sennett, Assistant Chief Accountant, Division of Investment Management, U.S. Securities and Exchange Commission, Washington, D.C.
John Vaccaro, Corporate Vice President, New York Life Insurance Company, New York
John H. Walsh, Associate Director and Chief Counsel, Office of Compliance Inspections and Examinations, U.S. Securities and Exchange Commission, Washington, D.C.
Donald J. Walters, Deputy Director, General Counsel and Secretary, Insurance Marketplace Standards Association, Chevy Chase, Maryland
Carl B. Wilkerson, Chief Counsel – Securities and Litigation, American Council of Life Insurers, Washington, D.C.
FEATURED TOPICS * Disclosure Reform and Current Disclosure and Regulatory Issues Affecting Variable Products * SEC and NASD Broker-Dealer Regulatory Developments Affecting the Distribution of Fixed and Variable Insurance Products: Suitability, Supervision, NASD Rules 3012 and 3013 --Aftermath of the First Annual Review, Branch Office Registration, Recordkeeping, and Other Issues * Recent Developments Affecting Insurance Networking Arrangements * The Applicability of the Investment Advisers Act to Insurance Distribution Channels * The Evolving Federal and State Regulatory Framework for Indexed Products * Emerging Registration and Disclosure Issues for Guarantees and Credit Support Agreements * Rule 38a-1 Compliance: Current OCIE Exam Focus, Emerging Best Practices, and Looking Back on the First Annual Review * 1940 Act Issues Related to Funds of Funds, Exchange-Traded Funds, and Other Investment Options in Variable Products * The Changing Relationships Between Insurers and Underlying Funds: The Effect of Frequent Trading, Redemption Fees, Revenue Sharing, and Other Regulatory Developments * Tax Regulatory and Legislative Developments Affecting Life and Annuity Products * Pension Market and ERISA Developments: the Recently Enacted Pension Protection Act, Conflict of Interest, Prohibited Transaction and Disclosure Issues, Revenue Sharing, and Other Matters * State Regulatory Developments: Suitability, Replacements, Disclosure Regulation, and Other Issues * Advertising and Other NASD Developments * Accounting Issues Affecting Issuers of Registered Variable and Fixed Products * Industry Best Practices: Insurance Marketplace Standards Association
Program Schedule
Thursday, November 16, 2006
- 8:00 a.m. Registration and Continental Breakfast
- 9:00 a.m. Keynote Address – Mr. Donohue
- 9:45 a.m. Current Disclosure Issues and Reform Initiatives Affecting Variable Products; Regulatory and Disclosure Issues Raised by Guarantees and Credit Support Arrangements
- 11:15 a.m. The Evolving State and Federal Regulatory Framework for Indexed Products
- 12:30 p.m. Lunch Break
- 2:00 p.m. SEC and NASD Broker-Dealer Rule Proposals, Regulatory and Enforcement Developments; Insurance Networking Arrangements
- 3:45 p.m. Applicability of the Advisers Act to Insurance Distribution; State Insurance Regulatory Developments: Suitability, Replacements, Disclosure; IMSA Perspective
- 5:00 p.m. Adjournment for the Day; Networking Reception for Registrants and Faculty
Friday, November 17, 2006
- 8:00 a.m. Continental Breakfast
- 8:30 a.m. Trends in the Fixed and Variable Product
- 9:00 a.m. The Changing Relationships Between Insurers and Underlying Funds; Mutual Fund Regulatory Developments; 1940 Act Issues Related to Funds of Funds, ETFs, and Other Underlying Investment Vehicles; Developments Related to Substitutions
- 10:45 a.m. Rule 38a-1 Compliance Issues and OCIE Exam Update
- 12:00 noon Lunch Break
- 1:30 p.m. Tax Regulatory and Legislative Developments; Pension Market and ERISA Developments, including the Recently Enacted Pension Protection Act
- 3:00 p.m. NASD Advertising Update; Accounting Developments; Open Questions and Answers with the SEC Staff
- 4:30 p.m. Adjournment
Total 60-minute hours of instruction: 12
Suggested Prerequisite: Limited experience in legal practice in subject matter or completion of Basic CLE Course in subject matter
Educational Objective: Acquisition of knowledge and skills to develop proficiency as a practitioner; maintenance of professional competence as a practitioner; provision of information on recent legal developments
Level of Instruction: Advanced
Here's what registrants have said about this course:
I found this seminar very educational and productive.
Excellent interplay of regulators and private practitioners.
The course materials were very timely and relevant. The SEC panels were insightful.
The interplay between industry and regulatory speakers was very interesting and helpful. Outstanding program—speakers and course material were outstanding.
Terrific program, as always!
