September 01, 2016

Missouri Department of Insurance announces legal track for 2016 Director's Regulatory Summit

Learn about what's on the regulatory horizon in the legal track

Jefferson City, Mo - Attorneys and compliance professionals can learn ways to navigate the complex insurance regulatory landscape during the 2016 Director's Regulatory Summit, the Missouri Department of Insurance announced today.

Department regulators, insurance industry professionals, attorneys and financial solvency experts will present during five sessions that will update attendees on handling today's ever-evolving regulatory standards.

"Take this opportunity to not only learn from experts on topics that impact your day-to-day work, but also meet them face-to-face," said Missouri Department of Insurance Director John M. Huff. "Making contacts and exchanging ideas can be the real hidden value of the summit."

Additionally, President and Chief Executive of the Federal Reserve Bank of Kansas City, Esther George, will share her perspective on the economy during a plenary session of the Summit. 

Legal track sessions will provide information about regulatory information sharing, confidentiality and best practices for interacting with regulators. Attend the five sessions below to learn about changes in insurance case law and to get a better understanding about the regulatory landscape.

 

Confidentiality and Regulatory Information Sharing

The ability of an insurance regulator to receive and share confidential information is critical to effectively regulating insurance markets.  As regulatory informational needs increase, insurance companies want to understand how proprietary and trade secret information will be protected and how it will be used by regulators. This session will identify common confidentiality issues and how departments of insurance collect and share information, particularly related to recently updated model laws and regulations. 

Managing Enterprise Risk Management

Effectively identifying and managing risk in today's global regulatory environment is crucial. Regulators will discuss ORSA, changes in the Model Holding Company Law and other changes of importance to industry compliance professionals. This session will also highlight the new regulatory tools for Form F filing reviews, give an overview of the Form F review process and possible future changes to that review process.

Federal and State Case Law Update

Federal and state courts across the country routinely decide cases that directly impact the insurance industry. In this session, hear about recent cases from 2015 and 2016 that impact the insurance industry and insurance regulation. 

Representing the Client in Regulatory Matters

The insurance industry sees a level of regulation not seen in other industries. The level of interaction at every point in the insurance distribution channel requires a synergistic relationship between the regulator and the regulated entity. In this session, hear strategies for effective regulatory interactions and tips on how to build a solid foundation of trust and common purpose, which will permit dynamic discourse on the myriad of regulatory issues that will certainly arise. 

What's on the Horizon of Insurance Regulation?

The solvency-monitoring regime is continuously evolving, particularly as model laws continue to be refined.  In this session, attendees will learn about the history behind various model laws and learn which model laws will become accreditation requirements in the future. The NAIC Corporate Governance Model Law, the Model Audit Law and Credit for Reinsurance are among the model laws that will be discussed. 

 

Attorneys and compliance professionals can learn about the changing regulatory trends for just $149 Thursday, Oct. 13 at the Kansas City Convention Center in Kansas City, Missouri.  The summit is a great opportunity to earn continuing education credits (pending approvals) while connecting with colleagues and gaining high-level insight into the changing insurance regulatory landscape. Register today by visiting insurance.mo.gov/summit.

 

About the Missouri Department of Insurance, Financial Institutions & Professional Registration

The Missouri Department of Insurance, Financial Institutions and Professional Registration (DIFP) is responsible for consumer protection through the regulation of financial industries and professionals. The department's seven divisions work to enforce state regulations both efficiently and effectively while encouraging a competitive environment for industries and professions to ensure consumers have access to quality products.

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