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 as well as ongoing initiatives for regulatory change. As the evolving regulatory regimes that govern securities products and asset management services offered by insurance company complexes unfold, the need for solutions to unanswered questions remain numerous. 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 Office of Insurance Products
- The SEC’s enforcement efforts by the Asset Management Unit
- SEC and state scrutiny of new and existing insurance products
- The latest generation of products from major insurers
- The core of variable insurance products and mutual funds
- Old and new modes and regulation of distribution
- CFTC’s Rule 4.5 and derivatives regulation applicable to mutual funds and insurance products
- Pension products regulation
- Keynote address by Bruce Karpati, Chief, Asset Management Unit, Division of Enforcement, U.S. Securities and Exchange Commission
- Earn one hour of Ethics credit exploring ethical practices in the advertising and distribution of insurance/securities 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.
Morning Session: 9:00 a.m. - 12:45 p.m.
9:00 Introduction and Keynote Address
9:30 Insurance Product Design
- New generation products
- NAIC Buyers Guides
- SEC and state scrutiny
- Alternative channels
Joan E. Boros, Judy Bartlett, James R. Mumford
10:30 Networking Break
10:45 Regulation of Variable Products Under the 1940 Act
- A primer on 1940 Act regulation
- Latest regulatory issues
- SEC current disclosure requirements
- Summary prospectus for VAs
Dodie Kent, Stephen E. Roth
11:45 Pension Developments
- New DOL disclosure standards
- A new fiduciary standard
- Advice for participants
- Lifetime Income Options
Thomas Roberts, Thomas C. Schiaffo
12:45 Lunch Break
Afternoon Session: 1:45 p.m. - 5:30 p.m.
1:45 Regulation of Derivatives and Revisiting Dodd-Frank
- Federal Insurance Office
- Market infrastructure for swaps
- Stable value contracts
- CFTC regulation of funds and harmonization
- Scrutiny of repos and securities lending
Matthew K. Kerfoot, Carl B. Wilkerson
2:45 Distribution of Insurance/Securities Products; Advertising; and Ethics
- FINRA and social media
- Advertising standards
- Ethical practices in distribution
Richard Choi, Pramit K. Das
3:45 Networking Break
4:00 Conversations with the SEC staff
- The SEC agenda for insurance products
- Staff standards for filings of product changes
- Core IA and IC inspection issues
- SRO or SEC for investment advisers
Joan E. Boros, Willie Davis, William J. Kotapish, Jeffrey S. Puretz
~ Vice President and Associate General Counsel, New York Life Insurance Company
Pramit K. Das
~ Assistant Director; Advertising Regulation Department, FINRA
~ Examination Manager, U.S. Securities & Exchange Commission, Chicago Regional Office
~ Chief, Asset Management Unit, Division of Enforcement, U.S. Securities and Exchange Commission
~ Vice President and Associate General Counsel, AXA Equitable Life Insurance Company
William J. Kotapish
~ Assistant Director; Office of Insurance Products, U.S. Securities and Exchange Commission
James R. Mumford
~ First Deputy Insurance Commissioner & Securities Administrator, Iowa Insurance Division, Iowa Department of Commerce
Thomas C. Schiaffo
~ Vice President and Corporate Counsel, Prudential Insurance Company of America
Carl B. Wilkerson
~ Vice President and Chief Counsel, Securities and Litigation, American Council of Life Insurers
New York City Seminar Location
PLI New York Center, 810 Seventh Avenue at 53rd Street (21st floor), New York, New York 10019. Message Center, program days only: (212) 824-5733.
New York City Hotel Accommodations
The New York Hilton & Towers
1335 Avenue of the Americas, New York, NY 10019. 1 block from PLI Center. Reservations 1-800-HILTONS or, 1-877-NYC-HILT. Please mention that you are booking a room under the Practising Law Institute Corporate rate and the Client File # is 0495741. You can also make reservations
online to access Practising Law Institute rates.
The Warwick New York Hotel, 65 West 54th Street New York, NY 10019. 1 block from PLI Center. Reservations 800-223-4099 or, hotel direct 212-247-2700. Please mention that you are booking a room under the Practising Law Institute Corporate rate. Reservations on line at www.warwickhotelny.com Click reservations in menu bar on left. Select desired dates. In 'Special Rates' drop down window select Corporate Rate. In 'Rate Code' enter PLIN. Click search and select desired room type and rate plan. Or, you may email reservation requests to: firstname.lastname@example.org
Sheraton New York Hotel & Towers
, 811 7th Avenue, New York, NY 10019, 1-800-325-3535 or (212) 581-1000. When calling, please mention Practising Law Institute and mention SET#311155. You may also book online
PLI programs qualify for credit in all states that require mandatory continuing legal education for attorneys. Please be sure to check with your state and the credit calculator to the right for details.
Please check the CLE Calculator above each product description for CLE information specific to your state.
Special Note: In New York, newly admitted attorneys may receive CLE credit only for attendance at "transitional" programs during their first two years of admission to the Bar. Non-traditional course formats such as on-demand web programs or recorded items, are not acceptable for CLE credit. Experienced attorneys may choose to attend and receive CLE credit for either a transitional course or for one geared to experienced attorneys. All product types, including on-demand web programs and recorded items, are approved for experienced attorneys.
Please Note: The State Bar of Arizona does not approve or accredit CLE activities for the Mandatory Continuing Legal Education requirement. PLI programs may qualify for credit based on the requirements outlined in the MCLE Regulations and Ariz. R. Sup. Ct. Rule 45.
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.
Credit will be granted only to the individual on record as the purchaser unless alternative arrangements (prearranged groupcast) are made in advance.