Below is the Schedule of Events from the 2020 Virtual Conference.
2021 Schedule of Events is Coming Soon!
Monday, October 26 – Fundamentals of Risk Transfer
7:30 AM – 7:35 AM
Introduction and Opening Remarks
7:35 AM – 8:35 AM
What is Insurance?
Key elements that make a transaction insurance for tax purposes including risk shifting, risk distributions, common notions of insurance and fortuity.
How it All Works – Terminology and the Flow of Business and Cash
An introduction to fundamental terminology describing risk transfer and related activities.
8:35 AM – 8:40 AM: BREAK
8:40 AM – 9:40 AM
F&I Dealership Products and Risks
Identifying the types of risks a buyer accepts when buying and financing a vehicle. The F&I protection product industry’s answers to mitigating those risks including 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.
9:40 AM – 9:45 AM: BREAK
9:45 AM – 10:25 AM
Dealer Reinsurance Programs
NCFC vs. CFC; Purpose of trust account; Differences in various program types.
10:25 AM – 11:10 AM
Evolution of the Obligor (and DOWC)
What is an Obligor and a DOWC and how do they work.
11:10 AM – 11:40 AM: LUNCH
11:40 AM – 12:10 PM
Legal and Regulatory Concerns
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.
12:10 PM – 12:35 PM
Captive Insurance for Enterprise Risk
ERM Programs and how they may fit with F&I Reinsurance.
12:35 PM – 12:40 PM: BREAK
12:40 PM – 2:00 PM
Insurance Bases of Accounting
Take a single contract and show how to account under GAAP, Statutory and IFRS accounting standards.
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). Non‐controlled foreign corporations.
2:00 PM – 2:05 PM: BREAK
2:05 PM – 3:00 PM
Introduction to Controlled Groups and Attribution
Defining and building an understanding of control groups and attribution as it relates to business ownership structures.
Corporate Governance and Record Keeping
Review of key records for reinsurance business, legal cases, IRS Code §845 evolution and impact.
3:00 PM – 3:05 PM
End of the Day Wrap Up
Tuesday, October 27 – Risk Transfer & Taxation
7:25 AM – 7:30 AM
Opening Remarks
7:30 AM – 8:25 AM
Recent Tax Changes Impacting on NCFC Programs
Including proposed PFIC regulatory changes.
8:25 AM – 8:30 AM: BREAK
8:30 AM – 9:30 AM
IRS Dirty Dozen Listing and Position on the Industry
Dirty Dozen Listing, Timing on Guidance, Audits for 831(b) companies.
9:30 AM – 9:35 AM: BREAK
9:35 AM – 10:20 AM
Recent Significant Cases
10:20 AM – 11:05 AM
SIIA Captive Policy & Regulatory Update
11:05 AM – 11:35 AM: LUNCH
11:35 AM – 12:05 PM
Limited Warranties and Prepaid Maintenance as Insurance: IRS Treatment and Issues
Taxpayer’s Positions, IRS Reactions and Prognosis.
12:05 PM – 12:35 PM
IRC §953(d) Election Changes and Issues
IRS Staffing and Approval Process Changes; Original Signature Requirements; How to address a 953(d) election processing errors.
12:35 PM – 12:40 PM: BREAK
12:40 PM – 12:50 PM
Overview of the 2019 Form BE-10
An update of the BE-10 questionnaire due once every five years by the U.S. Dept of Commerce. 2020 is the next upcoming deadline.
12:50 PM – 1:30 PM
State Issues and Developments 2020 Updates
1:30 PM – 1:35 PM: BREAK
1:35 PM – 2:30 PM
2020 Domicile Update
2:30 PM – 2:35 PM
End of the Day Wrap Up
Wednesday, October 28 – F&I Industry Trends
7:25 AM – 7:30 AM
Opening Remarks
7:30 AM – 8:25 AM
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.
8:25 AM – 8:30 AM: BREAK
8:30 AM – 9:00 AM
Federal Regulatory Update
An in depth discussion of current Federal regulatory and legislative updates as they relate to Vehicle Service Warranty and GAP Waiver.
9:00 AM – 9:15 AM
GAP Waiver Trends and Legal Update
9:15 AM – 9:30 AM
VSC Regulatory Trends/Legal Update
9:30 AM – 9:40 AM: BREAK
9:40 AM – 10:15 AM
State Lobbying
CCIAs lobbying efforts at a state level.
10:15 AM – 11:05 AM
New Participation Structures
11:05 AM – 11:35 AM: LUNCH
11:35 AM – 12:35 PM
Investments in F&I Reinsurance
What is a typical investment portfolio for a trust account? Restricted investments? Loans?
12:35 PM – 12:40 PM: BREAK
12:40 PM – 1:10 PM
GAP Risk Evolution
Recent industry loss and refund trends.
1:10 PM – 1:40 PM
VSC Risk Evolution
Recent industry loss and refund trends.
1:40 PM – 1:45 PM
End of the Day Wrap Up


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:
The F&I Reinsurance and Product Conference has also partnered with the International Center for Captive Insurance Education (ICCIE) to offer continuing education credits for the ACI and CCI designations. October 26 includes four and October 27 one ICCIE approved presentations.