NU Online News Service Aug. 20, 1:30 p.m. EDT
|The Captive Insurance Companies Association (CICA) and theNational Risk Retention Association (NRRA) have both planned eventsin the Washington D.C. area in October, the organizations said.
|CICA's 2010 Fall Seminar will take place Oct. 4 at the ASAEConference Center in Washington, D.C. and will focus on wayscompanies can utilize their captives for employee benefits.
|NRRA's 22nd annual conference, Oct. 5-7 at the Ritz CarltonPentagon City in Arlington, Va., will highlight "The Power ofAdvocacy."
|NRRA is the national trade association representing theinterests of risk retention groups--insurance companies authorizedby the federal Liability Risk Retention Act of 1986 to operatenationally without additional regulation when licensed in a singlestate.
|The 247 RRGs active today generated more than $2.5 billion ofpremiums in 2009, NRRA said.
|Michael J. Bemi, president and chief executive officer ofNational Catholic Risk Retention Group Inc., will keynote theconference with a review of how RRGs have grown into a majorsegment of the insurance industry in the 25 years since the federalLRRA was signed into law.
|Therese M. "Terri" Vaughn, CEO of the National Association ofInsurance Commissioners, will address the conference on regulatoryissues concerning Risk Retention Groups from the perspective of theNAIC.
|For information and registration visit www.nrra-usa.org or call703-297-0059.
|CICA's program includes:
|o What is the Benefits Buzz All About?--Karin Landry, managingpartner, Spring Consulting Group.
|o A View from the DOL--Nancy Gerrie, attorney at law, McDermott,Will & Emery, LLP, on the typical DOL decisions and processthan an employer needs to address when it comes to turning tocaptives for funding employee benefits.
|o Group Captives--funding healthcare in group captives,including a review of group captive structure, key factors toconsider and what may change in the coming year.
|o RRGs/Cell/Other Structures--Dominic Palmieri, HM LifeInsurance Company, on the basic structure of risk retention groupsand cell captives, the benefits and issues, and funding healthcarebenefits in this type of captive.
|o Post Retirement Medical Funding--Karin Landry, managingpartner, Spring Consulting Group will cover how using investmentproducts through a captive insurance company can address theoptions for funding retiree medical benefits and offsetting theliability they hold;
|Find out more about the program at www.CICAworld.com or call952-928-4655.
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