Regulatory Changes for Insurance Securities Products Demystified
Overview:Spurred by the global financial crisis, insurance companies have instituted a series of transformative financial reforms to help meet the ongoing legal challenges of regulatory changes and initiatives. Insurers need to have a complete understanding of the evolving law governing securities products and asset management services and be aware of their potential impact on their businesses and clients.
In a two-hour LIVE webinar, a panel of distinguished thought leaders will offer an in-depth discussion of this topic. In addition to extensive examination of the recent provisions set forth by the federal government, the panel will also provide a discussion on best practices in developing company policies to avoid regulatory violations.
Christopher S. Petito,Of Counsel,
Willkie Farr & Gallagher LLP
Private Placement Variable Life Insurance and Annuities
- Update on Effect of JOBS Act on the Offering of Unregistered Variable Products
- General Solicitation
- "Bad Actor" Rule
- NAIC Review of Separate Account Regulation
Joan E. Boros,Counsel,
Stradley Ronon Stevens & Young, LLP
- Risk Management Techniques
- De-risking of Existing Insurance Products
- De-risking of Underlying Funds
- Other Solutions
- New Products
- Goals and Designs
- Regulatory Issues
- Registration: The Wonders of Form S-1
Frederick R. Bellamy,Partner,
Sutherland Asbill & Brennan LLP
- The Volcker Rule
- Applicability to Insurance Products>
- Exemptions for Investments
- Exemptions for Separate Account Sponsorship (BOLI & COLI)
- Federal Insurance Office (FIO) Report
- Impact on State Regulation of Products
- Potential Federal Regulation (or National Standards)
Who Should Attend:
- Attorneys, Practice Area: Insurance & Related
- General Counsel (Financial and Insurance Services)
- Insurance Advisers
- Insurance Agencies
- Senior Management
- Public Companies
- Private Companies
- Other Interested/Related Professionals
Christopher S. Petito is of counsel in the Washington, DC office of Willkie Farr & Gallagher LLP. He specializes in the regulation of investment companies, investment advisers, broker-dealers and insurance companies under U.S. and state securities laws. In the insurance field, he regularly represents insurance companies in the design, issuance, distribution and administration of complex variable life insurance, variable annuities and other life insurance and annuity products, including stable value BOLI, synthetic GICs, indexed life insurance and annuities, and private placement variable life insurance and annuities. Mr. Petito also represents firms in mergers and acquisitions and restructurings in the life insurance, investment management and related industries.
Christopher S. Petito is of counsel in the Washington, DC office of Willkie Farr & Gallagher LLP. He specializes in …
Joan E. Boros, Esq. is in Stradley Ronon Stevens & Young, LLP’s Washington, D.C., office. Her securities, corporate and insurance law experience includes all aspects of the design; organization; qualification; State and Federal registration; regulation and compliance of retail investment companies; variable insurance products; and related entities, such as investment advisers and broker-dealers. Her focus is currently on the ongoing Dodd-Frank legislation's changes with regard to regulation of entities, securities offerings, advisory and distribution issues. She has chaired a PLI seminar, "Understanding the Securities Products of Insurance Companies," for 17 years. She was a co-founder of the National Association for Fixed Annuities (NAFA). She currently serves on the Board of the Retirement Income Industry Association (RIIA), and on the Governance Board of its Retirement Management Analyst (RMAsm) advanced training for advisers program.
Joan E. Boros, Esq. is in Stradley Ronon Stevens & Young, LLP’s Washington, D.C., office. Her securities, corporate and insurance …
With deep experience in developing cutting-edge solutions and new products, Fred Bellamy counsels clients on the complex organization and federal securities regulation of life insurance, annuity products and mutual funds. Fred has worked extensively in the application of federal securities laws to all types of insurance products, including variable annuities, variable life insurance, universal life, excess interest products, modified guaranteed annuities and other market-value-adjusted products, indexed products and private placements of securities insurance products.
In addition to the creation of new funds and products, Fred regularly advises clients with respect to ongoing operations, such as periodic reporting and filing, annual reviews and approvals, exemptive applications, no-action letters, advertising, U.S. Securities and Exchange Commission (SEC) examinations and compliance manuals. In the investment company transactional area, Fred counsels in mergers and acquisitions of mutual funds and separate accounts, reorganizations and addition or deletion of portfolios.
With deep experience in developing cutting-edge solutions and new products, Fred Bellamy counsels clients on the complex organization and federal …
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NASBA Field of Study:
Specialized Knowledge and Applications
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About Willkie Farr & Gallagher LLP
Willkie Farr & Gallagher LLP is a leading international law firm that provides comprehensive legal services. Founded in 1888, the firm has approximately 550 lawyers based in key financial centers in the U.S. and Europe.
About Stradley Ronon Stevens & Young, LLP
Stradley Ronon is nationally recognized for having one of the premier investment management practices in the United States, representing investment company clients with more than 700 separate mutual funds and assets under management exceeding $1 trillion. Our Investment Management/Mutual Funds Practice Group represents retail and institutional investment companies marketing shares through every distribution channel, as well as investment advisers, hedge fund sponsors, managers, administrators and underwriters/distributors, and serve as independent legal counsel to investment company independent directors/trustees, and as special counsel to other law firms with regard to complex issues arising under the Investment Company Act of 1940.
About Sutherland Asbill & Brennan LLP
Founded in 1924, Sutherland attorneys handle matters throughout the United States and worldwide. Seven major practice areas—corporate, energy and environmental, financial services, intellectual property, litigation, real estate, and tax—provide the framework for an extensive range of focus areas, allowing Sutherland attorneys to serve a diverse client base that ranges from small and medium-sized start-up businesses to a significant number of Fortune 100 companies.
Sutherland's comprehensive Insurance Group has a deep and broad knowledge of the industry and of transactions, regulation, product design and insurance taxation, all of which provides valuable insight when our insurance clients pursue opportunities or face market pressures. Whether it is increased capital reserve requirements or other financing needs, class action litigation, state audits, regulatory and enforcement challenges or insolvency, we partner with our clients to find the right answer for their particular business needs. Sutherland's involvement in derivatives and structured products, energy, outsourcing, real estate finance and capital markets, private equity, timber and agribusiness helps clients manage risk, diversify and take advantage of new opportunities in the current investment market.
Our insurance products practice represents producers and distributors of fixed and variable insurance and annuity products and counsels them on the myriad legal and regulatory issues involving the development, marketing, distribution and administration of these products. We take pride in partnering with our clients to help them meet their business goals while also helping minimize their exposure to legal and regulatory risk.