Overview
The current economic climate has had a major impact on insurance companies and their BOLI products. As the financial ratings of many carriers have deteriorated, crediting rates have declined, and carriers have introduced new products to address declining sales. Attend this timely webinar for a review of different types of BOLI products and to discuss the current regulatory environment governing BOLI.
Led by an industry expert, this information-packed webinar offers regulator insight regarding the management and board responsibilities of BOLI and will review current industry statistics including banks, BOLI and insurance carriers. Discussions include advantages and disadvantages of various BOLI products and common misconceptions involving their purchase and risk management. Participants will walk away with a straightforward methodology for evaluating and dealing with credit and performance issues of their institution’s BOLI products.
Learning Objectives
Discuss the critical ongoing compliance and administration requirements of the 2004 Interagency Guidance on BOLI, including management and board responsibilities.
Benchmark your BOLI portfolio against industry norms.
Gain a better understanding of the common misconceptions about the purchase and risk management of BOLI.
Learn how to evaluate and address credit and performance issues in BOLI portfolios.
Agenda
Overview of the current regulatory environment governing BOLI
Advantages and disadvantages of different types of BOLI products
A statistical review and analysis of BOLI and its impact on banks
Common misconceptions involving the purchase and risk management of BOLI
How to evaluate and address credit and performance issues in BOLI portfolios
CPE Credit Hours
FMS is registered with the National Association of State Boards of Accountancy as 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. Complaints regarding sponsors may be addressed to: The National Registry of CPE Sponsors, 150 Fourth Avenue, North, Suite 700, Nashville, TN 37219-2417 Web: www.nasba.org.
Level: Basic
Prerequisites: None
Advance preparation: None
Instructional Method: Live-Group
Length: 75 Minutes
CPE Info: 1.5 CPE Credits in the field of Specialized Knowledge
For more information regarding administrative policies such as complaints or refunds, call 800-ASK-4FMS (800-275-4367).
Who Should Attend
This webinar is designed to benefit anyone responsible for the risk management of BOLI at a community financial institution, including:
CEOs
CFOs
Controllers
Internal Auditors
Investment Officers
Risk Managers
Treasurers
Faculty
John H. MilneManaging Member,
MMB Consulting, LLCJohn is the Managing Member of MMB Consulting, LLC, a firm that designs, services, administers and funds executive benefit and BOLI plans for banks located throughout the United States ranging in size from $25 million to over $150 Billion in assets. Prior to joining MMB Consulting, John was a practicing tax attorney and was the head of the tax section at a major Richmond based national law firm. John is a frequent speaker at state banking organizations and senior regulatory conferences.
Fees
$179 Members
$199 Nonmembers
$199 Staff/Coworkers
Register
Couldn't make the date?
Order a CD-ROM or On-Demand access to the recorded webinar. Note: CPE credit cannot be earned by viewing the recorded webinar. 
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