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Navigating Regulatory Issues in Insurance Businesses

(201 reviews)

Produced on May 18, 2020

$ 89 Insurance and Business, Corporate, & Securities In Stock
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Course Information

Time 1h 32m
Difficulty Intermediate

Course Description

This program, taught by Dan Rabinowitz of Kramer Levin Naftalis & Frankel LLP, will cover the basics of insurance regulatory architecture in the United States and how this structure affects the “life cycle” of insurance carriers, from formation to winding-up or sale. Viewers can expect to come away with a broad understanding of laws and regulatory oversight in these areas.

First, the program will cover the basics of how insurance companies are formed, licensed, and regulated under state law, including the concept of minimum capital and surplus. The course will discuss the legal interplay between state insurance departments and the National Association of Insurance Commissioners, the leading standard-setting body for insurance in the U.S.

The course will also review how the insurer’s financial condition and solvency are regulated (such as statutory accounting and other regulatory tools, including the NAIC’s model audit rule and risk-based capital). Among the related topics to be covered in this area are holding companies and affiliates; the emergence of “group solvency” standards; and reinsurance. The regulation of permitted investments of reserves and surplus will also be addressed.

The program will explore the key legal requirements associated with mergers and other business combinations and acquisitions of control in this sector, which give rise to important regulatory and public-policy considerations. Finally, the course will discuss what happens when an insurer becomes insolvent and the possibilities of liquidation and rehabilitation of an insurance company under state law.

Learning Objectives:

  1. Identify ways that insurance differs from other sectors from the standpoint of regulation and public policy
  2. Analyze the basic role and functions of state insurance regulators in the oversight of insurance companies and insurance markets
  3. Discuss the financial and governance requirements imposed on insurance companies and how this affects legal practice in the insurance sector. 

Credit Information

After completing this course, Lawline will report your attendance information to {{ accredMasterState.state.name }}. Please ensure your license number is filled out in your profile to ensure timely reporting. For more information, see our {{ accredMasterState.state.name }} CLE Requirements page . After completing this course, {{ accredMasterState.state.name }} attorneys self-report their attendance and CLE compliance. For more information on how to report your CLE courses, see our {{ accredMasterState.state.name }} CLE Requirements FAQ .


Daniel A. Rabinowitz

Kramer Levin Naftalis & Frankel LLP.

Dan Rabinowitz advises clients in the insurance and reinsurance industry on a comprehensive range of transactional and regulatory matters, including mergers and acquisitions, capital markets, reinsurance, restructurings, securitization and structured finance, reserve financing, reorganizations, insurance-linked securities, capital standards, group solvency, insurance company investments, and corporate governance. From 2011 to 2014, he served as chair of the Insurance Law Committee of the New York City Bar Association. He is currently Vice-Chair of the Regulatory Subcommittee of the Insurance Law Committee of the International Bar Association. Dan received his J.D. from The University of Chicago Law School in 1994 and graduated from Brandeis University with an A.B. magna cum laude in politics and history in 1991.

Bar Admissions: 

New York, 1995


Courtney M.

I really enjoyed this, especially the hypothetical on change of control. Great program.

David H.

Excellent and informative presentation

Ahban S.

This was a great course.

Jeffrey D.


Edward S.

Knowledgeable speaker

Tresa V.

I thought this program was very well done! Thank you!

william b.

very clear/articulate

Antoine M.

Useful and detailed information for the field

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