Topics
- Introduction to Compliance
- State Regulation of the Insurance Industry
- State Regulation of Insurance Company Formation and Operation
- State Regulation of Insurance Producers
- State Filing and Approval Requirements
- State Regulation of Insurance Operations
- Market Analysis and Examinations
- Regulation of Insurer Solvency
- Federal Regulation of Insurance
- Federal Regulation of Securities
- Federal Taxation of Insurance Products
Objectives
- Explain the importance of the compliance function in a life insurance company and distinguish between state and federal regulation of the life insurance industry.
- Describe the impact of regulations such as the McCarran-Ferguson Act, Gramm-Leach-Bliley Act, and various anti-trust initiatives on insurance regulation.
- Distinguish among the roles of the legislative, executive, and judicial branches of state government in regulating insurance.
- Explain the basic economic concepts that underlie U.S. antitrust laws, the types of activities prohibited by federal antitrust laws, and the roles of the Department of Justice and Federal Trade Commission in enforcing antitrust laws.
- Identify the types of annuity and life insurance products classified as securities and thus subject to federal securities regulation, as well as the registration requirements federal securities laws place on security products and their issuers.
- Describe the requirements that the Securities and Exchange Commission (SEC) and the Financial Industry Regulatory Authority (FINRA) impose on registered members regarding suitability, best interest, advertising, compliance inspections, and dispute resolution.
- Explain the federal tax treatment of individual life insurance policies, including policy dividends, policy loans, policy surrenders, and policy death benefits.
- Describe the federal tax treatment of individual annuities, including annuity premiums and surrenders; and an immediate annuity, a deferred annuity, a variable annuity, and a fixed annuity.
- Describe the regulatory requirements imposed on an insurer’s reserves, investments, capital, and surplus, and explain how enterprise risk management (ERM) helps insurers assess and control risks.
- Describe the tools available to state insurance departments to monitor the solvency of insurers and actions state insurance departments may take when an insurer becomes financially impaired.
Format
Pricing and Enrollment
Pricing
See North American course pricing.
Enrolling in Courses With Proctored Exams
- Log in to your LOMA Learning account using your login ID and password.
- Browse the Learning Catalog for the course in which you would like to enroll.
- Select ADD TO CART next to the items in which you would like to enroll.
- Return to the catalog to continue searching for courses and add additional items to your shopping cart, or click the shopping cart to check out.
- Note: if you have not already done so, you will be prompted to log in to the LOMA learning system at this time. Once you have successfully logged in, click the shopping cart again to begin the checkout process.
- Review your shopping cart, and add any promotional or order discount code. Click CHECK OUT to proceed.
- If you are purchasing a physical product (example: a textbook), complete the SHIPPING information screen.
- Enter payment information.
- If your company has set up direct billing with LOMA, an account code will appear next to the “Bill My Company” field.
- If you are using direct-to-company billing method, ensure that the radio button next to the “Bill My Company” field is selected and then click “Next” to continue.
- If you are paying for your enrollment by credit card, enter all of the required fields for a credit card transaction. Once you have provided all of the required information, click “Next” to continue.
- Review your order, accept LOMA’s Terms and Conditions, and click BUY NOW. An enrollment confirmation will be emailed to you.