Instructor Christopher Boggs
3 CE (All Licenses*) NYCR-258937

Session 2
Insurance is regulated at the state level, but this has not always been the case. Philosophical differences regarding antitrust and regulation in general have altered the course of insurance regulation twice in just the last 80 years. 

Within this heavily regulated industry, three distinct types or “styles” of insurance exist in the modern economy: 1) Private 2) Social and 3) Public Guarantee insurance. Other than most “public guarantee” schemes, insurance carriers provide the majority of insurance products consumed in the US. 

Insurance carriers juggle five main functions and, to varying degrees, three minor functions.  Major functions include: ratemaking; new business production; underwriting; loss adjustment; and investing. Minor carrier functions include engineering and loss control; legal counsel; and accounting. 

This is a most important class if you desire to fully understand the insurance mechanism. In this class participants learn:

• The purpose of and need for insurance regulation
• The regulatory past and present of insurance
• The types of insurance products
• The functions within an insurance carrier
• The non-regulatory “authorities” insurance carriers depend upon to do their job
• The needs met by various insurance industry trade associations. 

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Additional Questions and Support
You can find commonly asked questions at ABEN Support.

Completion of this course qualifies you for the new 1 CE Laws & Regulation credit mandated by the New York State Department of Financial Services.

For All Company and Agency Staff

Big I NY Members: $84 per person
Non-Members: $120 per person

Please note, you will register on the ABEN website with a separate ABEN login and password

Register Now (You will be leaving the Big I New York website)

Questions? Contact ABEN at help@aben.tv or 877-602-9877

*Excludes TLA License

Per the New York Department of Financial Services, you cannot receive CE credit for any course previously used for your license renewal (based on the course approval number).
Per the Connecticut Insurance Department, a course can be taken for CE one time in the current license period.  It may be taken again in a subsequent license period.