Corporate Governance and the Board of Directors' Role

Why Should You Attend:

This training session will offer a comprehensive review of the corporate governance standards applicable to insurance companies and the board of directors’ role in those standards. Specific state laws affecting these standards include the Insurance Holding Company System Regulatory Act, the Own Risk and Solvency Assessment Act, the Corporate Governance Annual Disclosure Act, and the Model Audit Rule. The webinar will highlight provisions from each of the above areas of law that directly affect the board of directors’ role.

Learning Objectives:

• State laws that directly affect insurance company corporate governance standards
• Current status of each initiative and the likelihood of full adoption by the states
• Application to and effect on insurer’s daily operations

Areas Covered in the Webinar:

• Overview of the Board of Directors’ Role in an Insurance Company
• Insurance Holding Company System Regulatory Model Act and Regulation
• Risk Management and Own Risk and Solvency Assessment Model Act and Guidance Manual
• Corporate Governance Annual Disclosure Model Act and Regulation
• Attestations and the Applicable Liability Attached to Such Attestations
• Current Status of Each Initiative and the Likelihood of Full Adoption by the States
• Application to and Effect on Insurer’s Daily Operations
• Future Developments in the Area of Corporate Governance

Who Will Benefit:

• Insurance Compliance Professionals
• Insurance Legal and Finance Staff
• Insurance Government Affairs Representative
• Accounting Staff
• CEOs, Board Members and Audit or Corporate Governance Committee Members
• CFOs, Controllers and Accounting Professionals
• CIOs, CTOs and IT Professionals
• Chief Compliance Officers (CCOs), Chief Risk Officers (CROs)
• Legal Counsel, Human Resources and Public Relations
• Internal and External Auditors
• Senior Risk Management and Operational Risk Officers
• Risk, Compliance and Governance Advisors
• Compliance Specialists
• Compliance, Risk Management and Governance Product Vendors
• Quality Assurance Managers
• Any line manager or employee responsible for developing and deploying governance and compliance programs

Adam Kerns
Assistant General Counsel, American Insurance Association

Adam E. Kerns joined the American Insurance Association in 2012 as an assistant general counsel in the law department and is based in the Washington, D.C. office. He concentrates on state, federal, and international financial regulatory initiatives. His current areas of responsibility include group supervision, group capital, corporate governance, technological innovation and regulation, solvency, and climate change.

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