F&I Office Protection Products

Fundamentals of Risk Transfer

The Risks Facing the Vehicle Buyer/Borrower and How Those Risks Are Transferred to Various Corporate Risk Takers

Thursday, November 5, 2009

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Agenda

Previous Attendees

Fee Schedule

This one-day seminar is a small-group seminar that addresses what risks a buyer assumes when buying a vehicle and how those risks are transferred to an obligor/insurer and from an obligor/insurer to other insurers/reinsurers for products such as warranties, vehicle service contracts, GAP, credit-related insurance, and other protection products offered in the F&I office.
 
What risks does the consumer assume when buying and financing a car? How are those risks transferred to the manufacturer, a dealership-obligor, an administrator-obligor, or an insurer? Once the risk is initially transferred, how are those risks further transferred to insurers, producer-affiliated reinsurers, multi-class domestic reinsurers, and non-controlled foreign corporations?
 
This presentation will also address the contractual arrangements, the statutory and GAAP accounting treatments, and the federal income tax treatments of such transactions and legal entities.
 
This seminar is for anyone needing an introduction to the business of risk transfer for the F&I office product offerings or for those wishing for a solid review of the basics of risk transfer.

Learning Objectives:

Learn the specific risks that are created through the vehicle purchase, particularly a financed purchase.
 
Identify the methods by which the risks are transferred from the consumer to a contractual obligor, insurer, or reinsurer.

Gain an exposure to industry terms and terminology and create concrete pictures of each term's meaning.

Compare the specific types of reinsurers, including the various ownership structures and key regulations of the most common domiciliary locations.
 
Learn how the federal income tax status of insurance companies is determined or elected, and compare the basic principles of each structure.

Event & Registration Details

Date:  Thursday, November 5, 2009

Venue:  CreditRe Office - 330 Grapevine Hwy., Hurst, TX 76054

Accommodations: 

Early Bird Deadline: October 12, 2009

Materials: We provide a conference manual with the presentation text and reference materials for use at the conference that is yours to keep.

Prerequisites and Advance Preparation: None

Program Level: Basic

Instruction Method: Group - Live

CPE Credits: 7 (estimated)

CreditRe is registered with the National Association of State Boards of Accountancy (NASBA) 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 for CPE credit. Complaints regarding registered sponsors may be addressed to the National Registry of CPE Sponsors, 150 Fourth Avenue North, Suite 700, Nashville, TN 37219-2417. Web site: www.nasba.org 

Terms and Conditions Payment and Registration Confirmation: Registration is not confirmed until payment is received. Upon receipt of payment, you will receive an email confirmation. If you do not receive confirmation, please contact Bob McGregor by phone at (817) 788-8121 ext. 225 or by email to Bob McGregor. Rates and Discounts: Fees are listed on the Conference and Seminar Pricing Schedule. Rates are per person unless otherwise indicated. The Base Rate applies unless payment is received by CreditRe on or before either the Early Registration Deadline or the Pre-Registration Deadline noted in the Fee Schedule. Payment in full must be received prior to the event. Cancellations and Refunds: Conference registration is transferable; a replacement may be sent from your company if you are unable to attend. The Early Registration Discounted Rate is non-refundable, but for the Base Rate fee and the Pre-Registration Discounted Rate fee, if we receive a written cancellation request at least two (2) weeks prior to the conference date, you will receive a refund less a $100 administrative fee per registrant. No refunds will be issued on cancellation requests received within the two (2) weeks prior to the conference. Accommodations: Attendees are responsible for making their own hotel reservations. See the venue information on this page. Hotels other than the venue location are usually available within walking or short taxi distance. Information Contact: If you have any questions about the arrangements, complaints, or other needs, please contact Bob McGregor by phone at (817) 788-8121 ext. 225 or by email to Bob McGregor. Billing Contact: If you have any questions or need an invoice for registration payment, please contact Bob McGregor by phone at (817) 788-8121 ext. 225 or by email to Bob McGregor.