Life Insurance Company Products

Transcription

1 23rd Annual Advanced ALI-ABA Conference on Life Insurance Company Products Featuring Current Securities, Tax, ERISA, and State Regulatory and Compliance Issues Thursday-Friday, November 3-4, 2005 (Grand Hyatt) WHY YOU SHOULD ATTEND This annual advanced two-day Conference, comprising more than 12 hours of instruction, is designed for professionals who deal with life insurance and annuity products and their related mutual fund investments, whether as a private practitioner, an in-house corporate counsel, or a compliance officer of an insurance company, investment adviser, broker-dealer, mutual fund organization, or bank. It is a concentrated course of study on applicable federal and state securities and insurance laws and regulations, as well as related tax and ERISA matters. A faculty of practicing lawyers, compliance officers, and representatives of government agencies and self-regulatory organizations examine significant recent developments as they relate to fixed and separate account products of life insurance companies as well as to underlying mutual fund investments. Recent disclosure and regulatory developments affecting new types of products, the distribution and sales of life insurance products, and the significant recent changes in the tax, regulatory, and enforcement climate are reviewed by experts in the field. This Conference is valuable to anyone involved in the development, marketing, or administration of life insurance company products, or in the compliance process for offering and administering these products. [Continued within]

2 WHY YOU SHOULD ATTEND [Continued] This year s Conference features two keynote addresses, including one by Paul G. Haaga, Jr., Executive Vice President and Director of Capital Research and Management Company. Time is reserved throughout the Conference to address written questions submitted by the registrants. PLANNING CHAIRS Stephen E. Roth, Sutherland Asbill & Brennan LLP, Joan E. Boros, Jorden Burt LLP, KEYNOTE SPEAKERS Paul G. Haaga, Jr., Executive Vice President and Director, Capital Research and Management Company, Los Angeles Another to be confirmed FACULTY John T. Adney, Davis & Harman LLP, Lee D. Augsburger, Vice President and Chief Compliance Officer, Prudential Investment Management Corporation, Newark, New Jersey Brian D. Bullard, Chief Accountant, Division of Investment Management, Securities and Exchange Commission, Gary O. Cohen, Foley & Lardner LLP, Charles C. Cornelio, Executive Vice President, Technology and Insurance Services, Jefferson Pilot Financial, Greensboro, North Carolina Randall A. Doctor, Barger & Wolen LLP, San Francisco Gene A. Gohlke, Associate Director, Office of Compliance Inspections and Examinations, Securities and Exchange Commission, Jason H. Gould, Jorden Burt LLP, Lawrence N. Kosciulek, Associate Director, Investment Companies Regulation, NASD Regulation, Inc., William J. Kotapish, Assistant Director, Office of Insurance Products, Securities and Exchange Commission, Cary O. Lakenbach, FSA, MAAA, CLU, President, Actuarial Strategies, Inc., Bloomfield, Connecticut Alan D. Lebowitz, Assistant Deputy Secretary for Program Operations, U.S. Department of Labor, Susan Nash, Associate Director, Disclosure and Insurance Product Regulation, Division of Investment Management, Securities and Exchange Commission, Christopher E. Palmer, Goodwin Procter LLP, Robert E. Plaze, Associate Director, Division of Investment Management, Securities and Exchange Commission, Jeffrey S. Puretz, Dechert LLP, [Continued]

3 FACULTY [Continued] Cecily W. Rock, Senior Legislation Counsel, Joint Committee on Taxation, U.S. Congress, Robert B. Shapiro, Jorden Burt LLP, James S. Shorris, Senior Vice President and Deputy, Enforcement, NASD Regulation, Inc., W. Mark Smith, Sutherland Asbill & Brennan LLP, Amy C. Sochard, Director, Advertising Regulation, NASD Regulation, Inc, John H. Walsh, Associate Director and Chief Counsel, Office of Compliance Inspections and Examinations, Securities and Exchange Commission, Carl B. Wilkerson, Chief Counsel Securities and Litigation, American Council of Life Insurers, Mary Jane Wilson-Bilik, Sutherland Asbill & Brennan LLP, FEATURED TOPICS Current Disclosure Issues and Reform Initiatives and Their Possible Effect on the Variable Product Disclosure Framework Rule 38a-1 Compliance: OCIE Exam Focus, Emerging Best Practices, and Preparing for Upcoming Annual Reviews Industry and Regulatory Responses to Asset Allocation Programs: Advisers Act Issues Affecting Asset Allocation Programs; 1940 Act Issues Related to Funds of Funds, Exchange-Traded Funds, and Other Investment Options in Variable Products The Changing Relationships Between Insurers and Underlying Funds: The Effect of Frequent Trading, Redemption Fees, Hard Close, and Other Regulatory Developments Broker-Dealer Regulatory Developments: Suitability, Supervision, Compensation, CCO, and Other Issues Conflicts of Interest: New Federal and State Disclosure, Regulatory, and Enforcement Developments Affecting the Insurance and Pension Markets Recent Developments Affecting Indexed Annuity and Life Products Tax Regulatory and Legislative Developments Affecting Life and Annuity Products; Developments Affecting Health and Long-Term Care Products Pension Market Securities and ERISA Issues: Conflict of Interest, Prohibited Transaction, and Disclosure Issues Affecting Pension Consultants, Revenue Sharing, and Other Matters Recent SEC and NASD Enforcement Actions and Private Litigation Developments Advertising and Other NASD Developments Accounting Issues Affecting Issuers of Registered Variable and Fixed Products State Regulatory Developments: Compensation Disclosure, Insurable Interest, Product Filings, Suitability, and Other Issues PROGRAM Thursday, November 3, :00 a.m. Registration and Continental Breakfast 9:00 a.m. Keynote Address Mr. Haaga 9:45 a.m. Current Disclosure Issues and Reform Initiatives Affecting Variable Products

4 11:00 a.m. Industry and Regulatory Responses to Asset Allocation Programs; the Changing Relationships Between Insurers and Underlying Funds; Mutual Fund Regulatory Developments 12:30 p.m. Lunch Break 2:00 p.m. Tax Regulatory and Legislative Developments; New Products in the Health and Long-Term Care Markets; Securities and ERISA Developments Affecting the Pension Market 4:15 p.m. State Regulatory Developments 5:15 p.m. Adjournment for the Day; Networking Reception for Registrants and Faculty Friday, November 4, :00 a.m. Continental Breakfast 8:30 a.m. Keynote Address Speaker to be confirmed 9:15 a.m. Rule 38a-1 Compliance Issues and OCIE Exam Update 11:00 a.m. NASD Advertising Update; Indexed Products in the Current Environment 12:00 noon Lunch Break 1:30 p.m. Broker-Dealer Regulatory Developments and Rule Proposals; SEC and NASD Enforcement and Litigation Developments 3:30 p.m. Accounting Developments; Open Questions and Answers with the SEC Staff 4:30 p.m. Adjournment Total 60-minute hours of instruction: Notes: Program times are subject to minor change; the discussions include at least one full hour on ethics and professional responsibility issues, accepted as such by most, but not all, MCLE jurisdictions. A 15-minute networking break is provided during each half-day session. REGISTRATION 800-CLE-NEWS Tuition for this course is $995. Tuition entitles registrants to admission to all sessions, a set of study materials, Continental breakfasts and refreshment breaks daily, and a reception on Thursday. To register, simply return the form provided, with payment; or register with a credit card by: Phone: 800-CLE-NEWS ( ) FAX: Internet: Registrations will be accepted at the door if space is available, but please call in advance to avoid disappointment. All course accounts must be settled by the first session of the course to assure admittance to the classroom. Newly admitted lawyers (within the past two years) and retired senior lawyers (65 and over) are eligible for a 50% tuition discount and should include a note explaining their eligibility. Discounts may not be combined. Services for Persons with Disabilities: If special arrangements are required for an individual with a disability to attend this program, please inform ALI-ABA of any special needs at least two weeks in advance. Write Alexander Hart, ALI-ABA, 4025 Chestnut Street, Philadelphia, PA , or call (215) or (800) CLE-NEWS ( ), extension 1630 (toll-free, U.S. and Canada). CANCELLATIONS Cancellations received no later than October 31 will be honored and tuitions refunded, less a $50 cancellation fee. Cancellations received by noon November 2 also will be honored and tuitions refunded, less a $100 cancellation fee. Telephone cancellations (800-CLE-NEWS) will be honored under the above time limits and terms, but must be confirmed by letter; all requests for refunds must be received in writing and must be postmarked no later than November 7. HOTEL ACCOMMODATIONS A limited block of rooms has been reserved at the Grand Hyatt Washington. Room rate: $249 per night, single or double occupancy. These rooms will be held as a block, unless exhausted, until October 12, at which time they will be released to the general public. Registrants must make their own hotel reservations and indicate that they are attending the ALI-ABA Course of Study to qualify for rooms in the block. Room reservations may be made by calling or writing to the Grand Hyatt Washington, 1000 H Street, N.W., Washington, DC 20001; phone (202) ; FAX (202) Confirmations will be sent by the hotel. Please read the cancellation policy carefully. ADDITIONAL INFORMATION AND WEB REGISTRATION For further information write Alexander Hart, Director, Courses of Study, ALI-ABA, 4025 Chestnut Street, Philadelphia, PA ; or telephone (215) or (toll free, U.S. and Canada only) (800) CLE-NEWS ( ), extension To view full details and updates and/or register online, go to

5 Here s what registrants said about last year s Life Insurance Conference: Terrific program, as always! The interplay between industry and regulatory speakers was very interesting and helpful. Outstanding program speakers and course material were outstanding. The course materials were very timely and relevant. The SEC panels were insightful. Excellent interplay of regulators and private practitioners. I found this seminar very educational and productive. NETWORKING OPPORTUNITIES Networking is an important reason to attend this and every other ALI-ABA course of study. The registrants for last year s presentation of this course came from 28 states! CAN T ATTEND? ORDER THE STUDY MATERIALS! A book of specially prepared study outlines and related material will be distributed at the course site. To order these materials separately for $119, please use the form provided; shipping and handling are free! AUDIOCASSETTE TAPES and AUDIO mp3 CD-ROMs of this course will be available with the study materials approximately four to six weeks after the program for $499, about one-half the tuition. Recordings are nonreturnable, but will be replaced if defective. To order, please see the form; shipping and handling are free! DISCOUNTED AIRFARES For ALI-ABA discounted airfares, please call UNITED at (800) , re: File #535DG. Restrictions may apply. TUITION ASSISTANCE Tuition assistance for ALI-ABA courses, based on need, is available on application. We are particularly interested in applications from minority lawyers, public interest lawyers, government lawyers, and recently admitted solo practitioners. To apply, please request application form: Tuition Assistance, Alexander Hart, ALI-ABA, 4025 Chestnut Street, Philadelphia, PA , or call (215) or (800) CLE-NEWS ( ), extension All applications must be received by mail no later than three weeks before the course begins. FAX copies are not acceptable. Applications must be accompanied by a $25 nonrefundable processing fee (waived for full-time J.D. candidates). MANDATORY CLE AND CPE CREDIT Virtually all ALI-ABA Courses of Study are fully accredited in mandatory continuing legal education (MCLE) jurisdictions (including Virginia, Pennsylvania, Delaware, and New York) for varying numbers of credit hours. To obtain specific information on CLE, CPE, or other professional accreditation of this course, please write to: Mandatory CLE Credit, ALI-ABA, 4025 Chestnut Street, Philadelphia, PA OTHER ALI-ABA COURSES OF STUDY Sarbanes-Oxley Institute: Corporate Governance, Financial Disclosure, Auditing, and Other Issues October 6-7, 2005, Investment Management Regulation October 20, 2005, Twelfth Annual Corporate Governance Institute December 1-2, 2005, New York Broker-Dealer Regulation January 12-13, 2006, Securities Law for Nonsecurities Lawyers January 19-20, 2006, Coral Gables (Miami), Florida Investment Adviser Regulation January 27, 2006,

6 23rd Annual Advanced ALI-ABA Conference November 3-4, 2005, in Life Insurance Company Products Printed on recycled paper COURSE REGISTRATION FORM To register or order please clip, fill out, and mail this form together with payment to American Law Institute-American Bar Association Continuing Professional Education: REGISTRAR, ALI-ABA, 4025 Chestnut Street, Philadelphia, PA Please attach names and addresses of additional registrants. Payment by check or credit card should accompany order or registration. Advance confirmation recommended for door registration. Save time when registering or ordering by credit card. Send your completed coupon to ALI-ABA by FAX: (215) Please do NOT duplicate previously FAXed registrations or orders via mail or phone. To register or order by phone using a credit card, please call: CLE NEWS. NAME (please print) FIRM STREET ADDRESS SUITE/FLOOR NUMBER CITY STATE ZIP+4 PHONE ( ) SIGNATURE ADDRESS Please enter registration(s) for the ALI-ABA Conference on Life Insurance Company Products: Current Securities, Tax, ERISA, and State Regulatory and Compliance Issues, November 3-4, 2005, in Washington, D.C. Tuition: $995. CL043 I cannot attend this course. Please send me: American Law Institute-American Bar Association Continuing Professional Education 4025 Chestnut Street, Philadelphia, PA Key code CL043LMOF Nonprofit Organization U.S. Postage PAID Lancaster, PA Permit Number 1274 Audiocassettes of the program, including the course materials, for $499. AL043 Audio mp3 CD-ROM of the program, including the printed course materials, for $499. AL043CD Course materials only for $119, available in November. SL043 15% Discount for ALI-ABA In-House Members My office is a member of ALI-ABA In-House. Payment is in the amount of the stated tuition or price, minus 15%. For more information about ALI-ABA In-House, visit $ Total Check enclosed (payable to ALI-ABA) PA residents only, add 7% sales tax to total amount (excluding course registrations). To register or order via the Internet using a credit card, visit Please charge to my credit card : AMEX DISCOVER MasterCard VISA Card no.: Card expiration date: ADDRESS CHANGE? Go to Please include key code, below, when you register or order. Thank you.