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

$195.00

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when Dodd-Frank Wall Street Reform and Consumer Protection Act – 2010 and what will happen if Dodd-Frank is amended or repealed.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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Live Broadcast on June 22, 2017

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.

CLE Accreditation:
mylawCLE seeks approval in all states except VA.

CLE 2.00 – AK
CLE 2.00 – AL
CLE 2.00 – AR
CLE 2.00 – AZ
CLE 2.00 – CA
CLE 2.40 – CO
CLE 2.00 – DE
CLE 2.40 – FL
CLE 2.00 – GA
CLE 2.00 – HI

CLE 2.00 – IA
CLE 2.00 – ID
CLE 2.00 – IL
CLE 2.00 – IN
CLE 2.00 – KS
CLE 2.00 – KY
CLE 2.00 – LA
CLE 2.00 – ME
CLE 2.00 – MN
CLE 2.40 – MO

CLE 2.00 – MP
CLE 2.00 – MS
CLE 2.00 – MT
CLE 2.00 – NC
CLE 2.00 – ND
CLE 2.00 – NE
CLE 2.00 – NH
CLE 2.40 – NJ
CLE 2.00 – NM
CLE 2.00 – NV

CLE 2.40 – NY
CLE 2.00 – OH
CLE 2.40 – OK
CLE 2.00 – OR
CLE 2.00 – PA
CLE 2.00 – PR
CLE 2.40 – RI
CLE 2.00 – SC
CLE 2.00 – TN
CLE 2.00 – TX

CLE 2.00 – UT
CLE N/A – VA
CLE 2.40 – VI
CLE 2.00 – VT
CLE 2.00 – WA
CLE 2.40 – WI
CLE 2.40 – WV
CLE 2.00 – WY

Accreditation Policy
myLawCLE will seek credit where attending attorneys are primarily licensed for all of its live webinars and live teleconferences, except in states which allow for reciprocity (see reciprocity section below). Credit for CLE in a self-study format is sought for in most states; however, some states do not allow for CLE credit to be earned in a self-study format (see the self-study section below). Many states typically decide whether a program qualifies for MCLE credit in their jurisdiction 4-8 weeks after the program application is submitted. For many live events, credit approval is not received prior to the program. Credit hours granted are subject to approval from each state.

Reciprocity
Additionally, some states allow for credit to be granted on a 1:1 reciprocal basis for courses approved in another mandatory CLE jurisdiction state. This is known as a reciprocity provision and includes the following states: AK, AR, CO, FL, ME, MT, ND, NH, NJ, NY, PR, and SD. myLawCLE does not seek direct accreditation of live webinars or teleconferences in these states.

On-demand CLE
myLawCLE will seek on-demand approval in all states except Virginia and Arkansas (outside reciprocal provisions stated above).


myLawCLE Credit Guarantee
myLawCLE offers a program and credit approval guarantee. If a registered attendee is unhappy with a CLE program they have attended, myLawCLE will offer that attended access to another complimentary CLE or a full refund in order to insure the attendeeís satisfaction.

Additionally, on all online CLE programs application for approval will be made in all states where attending attorneys are primarily licensed in. If a registered attorney does not receive credit from their state for any reason, a full refund will be granted.

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”)