FORC Journal - Vol. 21 Edition 1 - Spring 2010

This issue of the FORC Journal includes not one – but two – articles on how best to get security for your reinsurer’s obligations. (Be sure to read them both.) We also address VEBAs, social media, limited lines producer licenses and the latest from Minnesota. What more could you possibly want?

Scott Kosnoff, Editor

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NAIC REVIEW OF LIMITED LINES PRODUCER LICENSES

By Greg E. Mitchell, Esq., FROST BROWN TODD, LLC
Limited lines producer licenses run the gamut among the various states as to the type of insurance products covered and the applicable regulatory requirements.

COLLATERAL FOR REINSURANCE OBLIGATIONS

By Richard Spiller, Esq., HOLMAN FENWICK WILLAN LLP
At least two factors have led cedents and reinsurers to reconsider traditional approaches to the collateralization of reinsurance obligations in the last 18 months.

SECURING REINSURANCE: LETTERS OF CREDIT AND REGULATION 114 TRUSTS

By Susan Stryker, Esq., BRESSLER, AMERY & ROSS, P.C.
Reinsurance obligations can be secured in a number of ways, including trust agreements, letters of credit, funds on deposit accounts, funds withheld arrangements and pledges.

VEBAS, ERISA, AND OTHER CLOAKING DEVICES

By A. Kenneth Levine, Esq., COZEN O'CONNOR
Health care costs continue to rise, forcing a commensurate rise in the cost of traditional group insurance.

SOCIAL MEDIA COMPLIANCE ISSUES

By Stacy G. Freeman, Esq., GRANT FREEMAN LLC
Social media encompasses a variety of different mediums, but in essence it is a participatory relationship rather than simply a billboard on the web.

MINNESOTA LEGISLATIVE AND REGULATORY UPDATE

By David M. Aafedt, Esq., WINTHROP & WEINSTINE, P.A.
The second half of the 2009-2010 Minnesota legislative session began on Thursday, February 4, 2010. Traditionally, the second year of the biennium focuses on the State's bonding efforts; however, much of the focus this session has been on addressing