CLE The annual conference is fully accredited in most jurisdictions requiring mandatory continuing legal education. Forms for CLE credits are available at the sessions.
CPE ACLI is registered with the National Association of State Boards of Accountancy, a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be addressed to the National Registry of CPE Sponsors, 150 Fourth Avenue North, Suite 700, Nashville, TN 37219–2417. Web site: www.nasba.org.
Program Level Intermediate (Participants have had some exposure to the subjects). Curriculum will build on basic skills to relate fundamental principles to practical situations and extend them to a broader range of application.
Learning Objectives Upon completion, participants will have a better understanding about the importance of the impact of economics and asset related issues on credit profiles; learn about how stock-bond portfolios should be positioned in an unsteady economy, learn how to manage capital market challenges and the impact of government, regulatory, and accounting responses to the crisis; receive best practice tips on assessing and reporting financial risk, learn about important aspects of the changing regulatory landscape and integrating various departments to examine and monitor changes; learn new ways to resurrect financial systems in a commercial real estate debt workout plan, receive an understanding on invested asset-related re-REMICs and re-securitizations of distressed portfolios and solutions to repackage distressed assets; learn about the impact of the financial crisis on modernization efforts – NAIC capital and reserve relief efforts, US Department of Treasury and IRS guidance on tax implications recently-adopted AG 43 and net premium reserve floor in the Life PBR proposal.
Program Prerequisites/Advance Preparation No advanced prerequisite or preparation is required.
Instructional Method Group-live presentations with instructor in room with participants.
Recommended CPE Credits 11.5 hours.
| * | Sponsored activities are measured by program length, with one 50-minute period equal to one CPE credit. One-half CPE credit increments (equal to 25 minutes) are permitted after the first credit has been earned in a given learning activity. |
| * | Not all state boards have adopted this method of calculation; some may not accept half-credit increments. |
The American Council of Life Insurers is a Washington, D.C.-based trade association, whose 340 members account for 93 percent of the life insurance industry’s total assets in the United States. ACLI member companies offer life insurance; annuities; pensions, including 401(k)s; long-term care insurance; disability income insurance; reinsurance; and other retirement products.
The American Council of Life Insurers is committed to adhering strictly to the letter and spirit of the antitrust laws. Meetings conducted under the ACLI’s auspices are designed solely to provide a forum for the expression of various points of view on topics described in the programs or agendas for such meetings. Under no circumstances shall ACLI meetings be used as a means for competing companies or firms to reach any understanding—expressed or implied—which restricts competition or in any way impairs the ability of members to exercise independent business judgment regarding matters affecting competition. Accordingly, appropriate objection will be made to any presentation or colloquy that presents a risk from the standpoint of the antitrust laws. © 2009 American Council of Life Insurers.
