Banking and Finance Regulation of the Insurance Industry - State or National?

Why Should You Attend:

As an attempt to correct what has been perceived by many policy makers as circumstances that led to the collapse of many financial institutions in the past two years, legislators and regulators are considering significant changes to the regulatory environment over banking and non-banking financial institutions. Such changes have included those affecting the insurance industry.

This webinar is intended to educate the attendee on the current debate being held between the insurance industry, state and federal regulators, and political leaders concerning responsibility for the oversight and regulation of the insurance industry in the United States. The webinar is not intended to espouse any particular position but to inform the attendee of the issues at stake and the various positions set forth by the stakeholders involved.

Areas Covered in the Seminar:

• Background of regulatory reform.
• Involvement by insurance companies in financial activities traditionally performed by other sectors.
• Federal v. State regulation.
• Are regulations designed for traditional banking and financing activities appropriate for insurance companies?
• Legal and policies issues.
• Positions undertaken by the National Association of Insurance Commissioners and the insurance industry.
• Proposed regulatory regimes.

Learning objectives:

• A brief history of insurance regulation in the United States.
• Reasons why insurance regulatory responsibility is now the subject of debate.
• Rationales given for the regulation of insurance industry at the State level.
• Rationales given for the regulation of insurance industry at the Federal level.
• Positions set forth by leading insurance industry advocates and regulators, including the National Association of Insurance Commissioners.
• Concerns over financial integrity and consumer protection.
• Issues concerning services of insurance companies that may be considered as those of a banking or other financial nature.
• Review of recent legislative attempts to restructure insurance regulation.

Who Will Benefit:

• Insurance companies, financial institutions, and similar businesses
• Members of Board of Directors
• CEOs, CFOs, and other high level executives
• Regulatory Compliance Associates and Managers
• Attorneys
• Policymakers

Instructor Profile:

Kenneth Barden, is an attorney with over 30 years of experience. Mr. Barden is a recognized expert in compliance, especially in finance and banking. He has provided technical assistance in compliance and regulatory efforts internationally for the past 14 years. Although he often concentrates his work in finance and public administration, many of the risk management and compliance principles are equally applicable in other industries.

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