Downloading Data to Retail Agents in the E&S Market Subject of Sept. 9 Webinar

The Retail Agent E&S Joint Industry Initiative is sponsoring a webinar on Thursday, September 9 on Opportunities for Downloading Data to Retail Agents in the E&S Market.

You can reserve a spot on the Webinar seat now at: https://www1.gotomeeting.com/register/588464784. The webinar will highlight developments in downloading data from MGAs/Brokers/E&S Carriers to Retail Agents and will focus on the benefits of using Download technology, how Download can work for MGAs/Brokers/E&S Carriers, how to avoid pitfalls when implementing Download, and any other questions that arise.

Sponsored by the Retail Agent E&S Joint Industry Initiative (a collaboration of AAMGA, ACORD, ACT & NAPSLO), the session will feature presentations by Neal Quiros of IVANS, Doug Johnston of Applied Systems, and Nellie Massoni of Vertafore. After registering you will receive a confirmation email containing information about joining the Webinar.

RAA offers program on Financial Reporting & Analysis

The Reinsurance Association of America's ReFinance program will be held in New York City, October 28-29, 2010, and as an Association Partner, NAPSLO members will receive an Association Partner registration rate of $1,250 for the two-day program.

The program ReFinance: the ABCs of Financial Reporting and Analysis for Property/Casualty Insurers and Reinsurers will take place on October 28-29, at the New York Helmsley Hotel in New York City.

ReFinance is designed for insurer and reinsurer financial professionals and also for non-financial professionals from underwriting, claims, compliance, law and marketing disciplines to learn the fundamentals of property/casualty insurance and reinsurance financial analysis and reporting.

Attendees will: learn to read and understand the statutory Annual Statement and its schedules; use the statutory Annual Statement as a tool for financial analysis; learn the differences in the various accounting systems; develop a working knowledge of key financial and accounting terms; analyze and interpret comparative financial statements; compute and interpret financial ratios.

The agenda, brochure and registration information is online. Attendees earn CLE, CPD, and CPE credits for attending ReFinance. Questions? Contact Ann-Marie Mwombela at 202.783-8385 or Mwombela@reinsurance.org.

Replay of Webinar on Surplus Lines Reforms Available

A replay of the NAPSLO sponsored a webinar - Surplus Lines Reforms: What You Need to Know About the New Federal Law - on the implementation of the surplus lines provisions of the Non-Admitted and Reinsurance Reform Act is now available to view and the PowerPoint presentations used in the webinar are available to download.

The August 19th webinar reviewed what agents, brokers, carriers and regulators need to know about regarding implementing the Non-Admitted & Reinsurance Reform Act, contained in the financial services reform bill approved in July 2010.

The surplus lines reform language mandates that beginning one year after the bill is signed into law the home state of the insured will be the only state with jurisdiction over the transaction and the only state to which a broker must pay taxes.

Webinar on Surplus Lines Legislative Reforms is Thursday, Aug. 19

Information on the surplus lines reforms recently signed into law, the impact of the new law on surplus lines brokers and carriers, and how the reforms will be implemented will be the subject of a NAPSLO sponsored webinar on Thursday, August 19 at 1:00 p.m. CDT.

The webinar will review what agents, brokers, carriers and regulators need to know about regarding implementing the Nonadmitted & Reinsurance Reform Act, contained in the financial services reform bill approved in July 2010.

The surplus lines reform language mandates that beginning next July the home state of the insured will be the only state with jurisdiction over the transaction and the only state to which a broker must pay taxes.

You can register online for the webinar. There is no charge for the webinar. You will receive a confirmation email with the phone number to call on the day of the webinar and the website address to view the presentations. If you have questions regarding registration, please contact Mike Ardis at NAPSLO at (816) 741-3910.

Webinar Topics will include:

• Introduction and Overview of the NRRA surplus lines reforms
• What will the NRRA reforms mean for surplus lines brokers?
• When do the NRRA reforms become effective?
• What do the NRRA terms “principal place of business” and “principal residence” mean?
• Which state is the home state under the NRRA if 100% of the insured risk is outside of the home state?
• If affiliates are insured under a surplus lines policy, which state taxes the premium under the NRRA?
• How will the NRRA impact surplus lines insurance companies?
• How will the NRRA impact exempt commercial purchasers?
• What is the "tax allocation report" required by the NRRA?
• What is the next step for implementation of a tax system?
• What happens if the states fail to implement a system to allocate taxes?
  

The webinar will include presentations from:

• Richard Bouhan, NAPSLO Executive Director
• Dan Maher, Executive Director, Excess Lines Association of New York
• Michael Byrne, Partner, Dewey and Leboeuf
• Libby Baney, B&D Consultants, NAPSLO Washington D.C. Lobbyist
• Steve Stephan, NAPSLO Director of Government Relation