Ultimate Guide to Understanding the Insurance Industry

Date: Available 24/7 CLE Credits: 2 General

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Course Description

This program was recorded on May 19, 2020

Lawyers know from experience that insurance companies are the key to many client awards. Insurers pay some claims and then again, don't. It is during the times that insurance company's don't pay claims that legal engagement happens. But what lawyers often don't understand is the deep pocket behind the scene and the nature of how insurance companies operate, their statutory financial obligations, shareholder tensions, and oversight. This course covers the basics of insurance company operations, from how they are regulated, their corporate structures, to underwriting, claims, investments and relationships with their insurance agents and brokers and technology changes in marketing products and even bankruptcy. We will take a high level view from all lines of insurance, and general statutory responsibilities and leave you better informed with the insurance sector.



  • Ann Frohman
    Frohman Law Office LLC is a boutique insurance regulatory firm founded by Ann Frohman, now in its eighth year. Under Ann's hands-on leadership, the firm assists clients with specific insurance transactions. In addition, Frohman crafts and implement national strategies for navigating the complex insurance regulatory structure, tailoring each strategy to the client's needs to ensure success. Through Frohman's leadership, the firm offers clients uniquely combined perspectives and a deeper network to benefit client projects. Frohman's multifaceted 30 year experience is the key. She understands operations and limitations placed on executive team, having served as a senior executive in an insurance company. She also has a deep knowledge of state government insurance regulations, public policy, the legislative arena, the NAIC structure, as well as its leaders and culture, having served as a state insurance commissioner and deputy director/general counsel of a state insurance department, as well as its state risk manager.

    Contact Ann Frohman
      • 2 General Credits
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      Each On-Demand course is available to you for 1 year from date of purchase. Additionally, CLE credit is only available within that year.
    1. Twenty lines of insurance, you have seen one line, you have seen one line.
    2. Regulation and oversight under the McCarran Ferguson Act, and Dodd Frank Act. Main street not Wall Street.
    3. Roles of The National Association of Insurance Commissioners (NAIC) and state Insurance Departments
    4. Following the risk. What is the reinsurance market and how is it regulated.
    5. Corporate structure of insurers. What is the difference between a mutual, stock, self-funded, captives and misc. structures. Is it important?
    6. What is the purpose of underwriting a risk and how technology is changing insurance
    7. Hidden Strains in Operations -Actuarial Opinions, Reserves, TPAs and claims, Investments, Ratings
    8. Distributions - Agents and Brokers, Online Platforms
    9. When Insurance Companies Go Broke - Yes they do. What lines are we watching now for solvency concerns?

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