LICONY is partnering with our Allied Professional firm member, Hinman Straub P.C., to present a Unique New York Webinar. This webinar will explore the challenges facing life insurers (particularly 49/1 companies) selling individual and group life insurance, annuities, and supplemental accident and health insurance nationally with compliance with various New York laws, regulations, and guidance governing the unauthorized sale of insurance. The webinar will discuss what constitutes doing an insurance business in New York, acts that may implicate aiding and abetting an unauthorized insurer, as well as the mail-order exception and servicing issues. The webinar will also discuss current trends in market conduct examinations, from what issues Department examiners may focus on to how to navigate the examination process.
There will be time at the end for questions. If you would like to submit your questions in advance of the webinar, please email Liz Maxwell.
Panelists
- Benjamin Bodner, Partner, Hinman Straub P.C.
- Sandra McDermott, Principal, Hinman Straub P.C.
- Colleen Rumsey, Principal, Hinman Straub P.C.
Agenda
- Cross Border Sales
- Relevant New York Laws, Regulations, and Department Guidance
- Insurers and Insurance Producers: Solicitation, Negotiation, & Sales Issues
- Post-Sale Issues: Servicing from within/without New York State
- Group Policies & Contracts
- Group contracts issued outside NY with NY resident participants
- Mail order servicing exception
- PRT transactions – model for other groups
- Current Trends in Market Conduct Exams
- Procedural Issues
- Data Requests – Volume and Timing
- Draft Findings, Disputing Findings, Closing Conferences, Penalties
- Questions
Registration Information
- This webinar is available to LICONY members free of charge. For those seeking CLE, credit is pending for this program in most states. This program's content is appropriate for both newly admitted and experienced NY attorneys.
- Registration will close Thursday, May 22 at 11:00 a.m. ET.
About the Webinar Series
- LICONY’s partnership with our Allied Professional Firm members continues with our 19th webinar of the Unique New York Series. These webinars, which are free to LICONY members, focus on a particular subject area and provide an overview of New York's unique approach to the most relevant regulatory requirements for that topic.
- LICONY seeks accreditation to offer CLE credit for each of the webinars. All webinars will be presented on the Zoom platform.
When
May 22, 2025 from 2:00 PM to 3:00 PM