The Regulation of Insurance & Reinsurance: Past, Present & Future


Live Broadcast on June 22, 2017

This program will include a description of US System of state regulation of insurance, a discussion on federal vs. state regulation of insurance, regulation of reinsurance under US regulatory scheme and the impact of reinsurance when an insurer is placed in receivership. In addition, this program will discuss how regulation of insurance and reinsurance changed when Dodd-Frank Wall Street Reform and Consumer Protection Act – 2010 and what will happen if Dodd-Frank is amended or repealed. It will conclude with a detailed discussion on the “Bilateral Agreement between the European Union and the United States of America on Prudential Measures Regarding Insurance and Reinsurance” (the “Covered Agreement”).

This course is co-sponsored by Wolters Kluwer.

Key topics to be discussed:

  • Description of the US System of State Regulation of Insurance
  • Regulation of Reinsurance
  • Reinsurance and its impact on Insurer Insolvency
  • Dodd-Frank Wall Street Reform and Consumer Protection Act – impact on insurance
  • “Bilateral Agreement Between the European Union and the United States of America on Prudential Measures Regarding Insurance and Reinsurance” – the “Covered Agreement”

Date / Time: June 22, 2017

  • 2:00 pm – 4:00 pm Eastern
  • 1:00 pm – 3:00 pm Central
  • 12:00 pm – 2:00 pm Mountain
  • 11:00 am – 1:00 pm Pacific

Choose a format:

  • Live Video Broadcast/Re-Broadcast: Watch Program “live” in real-time, must sign-in and watch program on date and time set above. May ask questions during presentation via chat box. Qualifies for “live” CLE credit.
  • On-Demand Video: Access CLE 24/7 via on-demand library and watch program anytime. Qualifies for self-study CLE credit. On-demand versions are made available 7 business days after the original recording date and are view-able for up to one year.

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Francine L. Semaya, Esq. is currently a legal consultant in insurance regulation, reinsurance, insurance insolvency and transactional matters. She concentrates her practice in reinsurance, insolvency and national and global insurance regulatory and reinsurance matters. She performs legal and compliance audits and serves as an expert witness. Ms. Semaya was named a “2009 Woman to Watch” by Business Insurance magazine.

Active in several professional organizations, Ms. Semaya is a past President of the International Association of Insurance Receivers, She is a longtime member of the American Bar Association’s Tort Trial and Insurance Practice Section (TIPS), where she has assumed various leadership roles including founding Chair and Chair of the TIPS Task Force on Federal Involvement in Insurance Regulation Modernization and Health Care Reform from its inception in 2004 through August 2014. Ms. Semaya is on the Board of Directors of Insurance Federation of New York, a member of the New York City Bar’s Insurance Law Committee, and a member of AIRROC’s publishing committee.

Ms. Semaya is a frequent lecturer and has authored numerous articles in both legal and insurance trade publications, and is often called upon to organize and chair seminars and programs of significance to the insurance industry.

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Section I. Description of the US System of State Regulation of Insurance
a) Federal vs. State Regulation of Insurance
b) State insurance Departments
c) NAIC  – National Association of Insurance Commissioners

Section II. Regulation of Reinsurance
a) Financial and Solvency Regulation
b) NAIC Credit for Reinsurance Model Act and Regulation

Section III. Reinsurance and its Impact on Insurer Insolvency
a) Set-offs
b) Collateral
c) Cut-throughs
d) Significant US insurer insolvencies

Section IV. Dodd-Frank Wall Street Reform and Consumer Protection Act
a) Impact on Regulation of the Business of Insurance 2010-2016
b) FSOC – SIFI Designations
c) Federal Insurance Office
d) Current State of Dodd-Frank Act and its impact on Insurance Regulation

Section V. “Bilateral Agreement Between the European Union and the United States of America on Prudential Measures Regarding Insurance and Reinsurance (the “Covered Agreement”)