Conference Dates are October 28-30, 2019


2018 Schedule of Events (for Reference):
November 14 – Fundamentals of Risk Transfer (8:30am-5pm)
Continental Breakfast, Lunch & Cocktail reception included
8:30 AM – 10:25 AM : Session 1
What is Insurance?
Key elements that make a transaction insurance for tax purposes including risk shifting, risk distributions, common notions of insurance and fortuity.
F&I Dealership and Products & Risks
Types of risks a vehicle buyer accepts in buying and financing a vehicle and the F&I protection product industry’s answers to mitigating those risks; definition and illustrations of risk transfer.
Dealer Participation in F&I Product Income
A review of the various programs available to participate in the profits from F&I products produced at dealerships.
10:45 AM – Noon : Session 2
Dealer Owned Warranty Company
What is a DOWC and how does it work.
How it All Works – Terminology and the Flow of Business and Cash
An introduction to fundamental terminology used to describe risk transfer and related activities, how individual contracts work together to transfer risks from customers through various entities ultimately to reinsurance companies, and analysis of cash flow.
Noon – 1:00 PM LUNCH BREAK
1:00 PM – 2:30 PM : Session 3
Legal and Regulatory
State and Federal regulation of insurance, reinsurance, and obligor (non‐insurance protections). The role direct writers play in reducing the need for governmental regulatory oversight.
Captive Insurance for Enterprise Risk
ERM Programs and how they may fit with F&I Reinsurance.
Accounting Systems
Comparison of statutory, GAAP, and tax accounting systems. Importance of statutory accounting as it affects tax accounting. DAC tax. Typical activities of a calendar year: cession statements, financial statements, tax returns.
2:50 PM – 3:50 PM : Session 4
Introduction to Taxation
Tax positions for a U.S. corporation licensed as an insurer or conversion from a controlled foreign corporation to a U.S. taxpayer via §953(d) election. Determining insurance company status for tax purposes—§831(b) and small life insurance company. Non‐controlled foreign corporations.
3:50 PM – 4:00 PM BREAK
4:00 PM – 5:00 PM : Session 5
Introduction to Controlled Groups and Attribution Rules
Corporate Governance and Record Keeping
Review of key records for reinsurance business, Legal cases, IRS Code §845 evolution and impact, front‐commission‐levels issues
November 15 – Risk Transfer & Taxation (8:30am-5pm)
Continental Breakfast, Lunch & Cocktail reception included
8:30 AM – 10:00 AM : Session 1
Tax Reform Updates
Tax Cuts and Jobs Act of 2017, including CAA Change of PATH Act.
Non-Controlled Foreign Corporation Issues
10:20 AM – Noon : Session 2
NCFC Panel
IRS Position on the Industry, Dirty Dozen Listing
Dirty Dozen Listing, Estate Tax isn’t the only “Abuse”, Timing on Guidance, PLR 201732021, Audits for 831(b) Companies.
SIIA Update
Noon – 1:00 PM LUNCH BREAK
1:00 PM – 2:30 PM : Session 3
953(d) Election Changes, Issues
IRS Staffing and Approval Process Changes, Original Signature Requirements. How to address a 953(d) election processing errors.
Recent Significant Cases: Validus, Avraham, RVI, Wayfair
Reserve Mechanical
2:50 PM – 3:50 PM : Session 4
Limited Warranty and Prepaid Maintenance IRS Treatment and Issues
Taxpayer’s Positions, IRS Reactions and Prognosis
State Updates Issues
Here come the states and they are looking for income. CA FTB nexus issue and status of case
DOWC/AO Nexus Choice and issues
3:50 PM – 4:00 PM BREAK
4:00 PM – 5:00 PM : Session 5
Brief History of Domiciles
Domicile Update: TCI Re-Registration, Delaware Tribe Change of Insurance Commissioner, Anguilla
November 16 – Industry Trends (8:30am-3pm)
Continental Breakfast & Lunch included
8:30 AM – 10:10 AM : Session 1
Executive Panel – Hot Topics in the F&I Industry
What Keeps You up at Night? Panel to discuss current F&I issues and hot topics. GAP issues (too many), GM disclosure, new products, agency consolidation.
Federal Regulatory Update
Consumer Financial Protection Bureau, Military Lending Act, Wayfair
GAP Regulatory Trends/Legal Update
VSC Regulatory Trends/Legal Update
10:30 AM – Noon : Session 2
Executive Panel – Ancillary Products
Market Update by Chief Investment Strategist and Managing Director for Raymond James: Jeff Saut
Noon – 1:00 PM LUNCH BREAK
1:00 PM – 2:50 PM : Session 3
ASC 606 Revenue from Contract with Customers
GAP Risk Evolution
Recent Industry Loss and Refund Trends
VSC Risk Evolution
Recent Industry Loss and Refund Trends
Investment Restrictions – The Reality of Reinsurance Investment Options


Program Material from the 2018 Conference is available for download for conference attendees on the following password protected webpage:
*Password was sent to all conferences attendees prior to the conference.

Conference delivery method: Group: Live

Program Levels

Day 1: Basic

Prerequisites: None Required

Day 2‐3: Intermediate

Prerequisites: Attendees should include insurance professionals and administrators, risk managers, tax professionals, and consultants or attendance on Day One

GPW and Associates, Inc. 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 submitted to the National Registry of CPE Sponsors through its website: