This is a webcast of the live New York session.Why you should attend
The insurance industry continues to navigate the legal environment in meeting insurance and retirement needs in the face of regulatory initiatives adopted in recent years, and ongoing initiatives for regulatory and legislative change, as well as new technological developments. This timely program provides critical content on the prevailing and emerging legal issues practitioners must understand and insights into product development. As the evolving regulatory regimes that govern securities products and asset management services offered by insurance company complexes unfold, and solutions are needed for many unanswered questions. Our stellar faculty will provide you with a clear understanding of the important developments in this evolving and dynamic field of law.
What you will learn
- Recent regulatory developments as outlined by the SEC’s Division of Investment Management and Insured Investments Office.
- The latest on the SEC’s initiatives by the Risk and Examinations Office
- Information on the latest insurance product designs
- SEC scrutiny of insurance products
- Addressing investor and regulator attitudes toward insurance products
- The 1940 Act core regulation of variable insurance products and mutual funds
- Insights into the confluence and conflicts of Federal and State regulation
- FINRA and industry perspectives on marketing and regulatory developments
- Emerging risk management strategies
- Developments in pension products
Who should attend
This seminar is designed to provide a context for recent entrants to the emerging legal landscape for securities products and services, and for experienced attorneys and compliance personnel to keep current with the changing regulatory environment. Attorneys advising insurance companies, mutual funds, insurance agencies, broker-dealers, investment advisers, and pension administrators will find that this program significantly contributes to their skills.
PLI Group Discounts
Groups of 4-14 from the same organization, all registering at the same time, for a PLI program scheduled for presentation at the same site, are entitled to receive a group discount. For further discount information, please contact membership@pli.edu or call (800) 260-4PLI.
PLI Can Arrange Group Viewing to Your Firm
Contact the Groupcasts Department via email at groupcasts@pli.edu for more details.
Cancellations
All cancellations received 3 business days prior to the program will be refunded 100%. If you do not cancel within the allotted time period, payment is due in full. You may substitute another individual to attend the program at any time.
All times are E.S.T.
Morning Session: 8:45 a.m. - 12:30 p.m.
8:45 Insurance Product Design
A. Special Presentation - Trends in Insurance Products and Platforms
Guest Speaker: Geoffrey Bobroff, Bobroff Consulting, Inc.
B. Panel Discussion
- New generation products
- Controlling risks
- SEC scrutiny
- Special considerations
Joan E. Boros, Dodie Kent, Paul Celupica
10:15 Networking Break
10:30 Regulation of Variable Products Under the 1940 Act
- A primer on 1940 Act regulation
- Latest regulatory issues
- SEC current disclosure requirements
- Summary prospectus for VA’s
Judy Barlett, Stephen E. Roth
11:30 Pension Developments
- New products for the pension market
- Advice for participants
- Lifetime income options
- Unanswered questions
Gary Herzlich, Bradford Melius
12:30 Lunch Break
Afternoon Session: 1:45 p.m. - 5:30 p.m.
1:45 FIO, FSOC, and Federalism
- The FIO Report on insurance regulation
- SIFI designation by FSOC
- Federal versus state regulation
Elizabeth F. Brown, James R. Mumford, Carl B. Wilkerson
2:45 Distribution of Insurance/Securities Products; Advertising; and Ethics
- Social media
- Suitability and supervision
- Advertising standards
- Ethical practices in distribution
Richard Choi, Pramit K. Das
3:45 Networking Break
4:00 Conversations with the SEC staff
A. Panel Discussion
- The SEC agenda for insurance products
- Perspectives on risk containment
- Core IA and IC inspection issues
Joan E. Boros, Willie Davis, William J. Kotapish, Jeffrey S. Puretz
B. Special Presentation: The SEC’s Agenda and Priorities for Advisers and Funds
Guest Speaker: Susan Nash, Associate Director, U.S. Securities and Exchange Commission
5:30 Adjourn
Co-Chair(s)
Speaker(s)
Judy Bartlett ~ Vice President and Associate General Counsel, New York Life Insurance Company
Elizabeth F. Brown ~ Assistant Professor of Risk Management and Insurance, J. Mack Robinson College of Business, Georgia State University
Paul G. Cellupica ~ Chief Counsel for Securities Products and Regulation, MetLife, Inc.
Pramit K. Das ~ Assistant Director; Advertising Regulation Department, FINRA
Willie Davis ~ Assistant Regional Director, U.S. Securities & Exchange Commission, Chicago Regional Office
Dodie Kent ~ Vice President and Associate General Counsel, AXA Equitable Life Insurance Company
William J. Kotapish ~ Assistant Director, Division of Investment Management, U.S. Securities and Exchange Commission
Bradford Melius ~ Vice President and Corporate Counsel, Retirement Law, Prudential Insurance Company of America
James R. Mumford ~ First Deputy Commissioner, Iowa Insurance Division, Iowa Department of Commerce
Susan Nash ~ Associate Director, Division of Investment Management, U.S. Securities and Exchange Commission
Carl B. Wilkerson ~ Vice President and Chief Counsel, Securities and Litigation, American Council of Life Insurers
Program Attorney(s)
PLI makes every effort to accredit its Live Webcasts. Please check the CLE Calculator above for CLE information specific to your state.
PLI's Live Webcasts are approved for MCLE credit (
unless otherwise noted in the product description) in the following states/territories: Alabama, Alaska, Arkansas, California, Colorado, Delaware, Florida, Georgia, Hawaii, Idaho*, Illinois, Indiana
1, Iowa*, Kansas*, Kentucky*, Louisiana, Maine*, Minnesota, Mississippi, Missouri, Montana, Nebraska, North Carolina, North Dakota, New Hampshire*, New Jersey, New Mexico, Nevada, New York
2, Ohio
3, Oklahoma, Oregon*, Pennsylvania
4, Rhode Island, South Carolina, Tennessee, Texas, Utah, Vermont, Virginia
5, Virgin Islands, Washington, West Virginia, Wisconsin, and Wyoming*.
*PLI will apply for credit upon request.
Arizona: The State Bar of Arizona does not approve or accredit CLE activities for the Mandatory Continuing Legal Education requirement.
Arkansas and Oklahoma: Audio-only live webcasts are not approved for credit.
1Indiana: Considered a distance education course. There is a 6 credit limit per year.
2New York: Newly admitted attorneys may not take non-transitional course formats such as on-demand audio or video programs or live webcasts for CLE credit. Newly admitted attorneys not practicing law in the United States, however, may earn 12 transitional credits in non-traditional formats.
3Ohio: To confirm that the live webcast has been approved, please refer to the list of Ohio’s Approved Self Study Activities at http://www.sconet.state.oh.us. Online programs are considered self-study. Ohio attorneys have a 6 credit self-study limit per biennial compliance period. The Ohio CLE Board states that attorneys must have a 100% success rate in clicking on timestamps to receive ANY CLE credit for an online program.
4 Pennsylvania: A live webcast may be viewed individually or in a group setting. Credit may be granted to an attorney who views a live webcast individually. There is a 4.0 credit limit per year for this type of viewing. A live webcast viewed in a group setting receives live participatory credit if the program is open to the public and advertised at least 30 days prior to the program. Live webcasts viewed in a group setting that do not advertise at least 30 days prior the program will be considered "in-house", and therefore denied credit.
5Virginia: All distance learning courses are to be done in an educational setting, free from distractions.
Running time and CLE credit hours are not necessarily the same. Please be aware that many states do not permit credit for luncheon and keynote speakers.
Note that some states limit the number of credit hours attorneys may claim for online CLE activities, and state rules vary with regard to whether online CLE activities qualify for participatory or self-study credits. For more information, refer to your state CLE website or call Customer Service at (800) 260-4PLI (4754) or email: info@pli.edu.
If you have already received credit for attending some or the entire program, please be aware that state administrators do not permit you to accrue additional credit for repeat viewing even if an additional credit certificate is subsequently issued.