• Skip to main content
  • Skip to header right navigation
  • Skip to site footer
Spot On Insurance

Spot On Insurance

  • Home
  • About
  • Learn
    • Agency Management
    • Cybersecurity
    • Diversity & Inclusion
    • Insurance Careers
    • Professional Development
    • Regulatory Compliance
    • Sales & Marketing
    • Surplus Lines
    • Tech & Insurtech
  • Listen
    • Spot On Insurance | Podcast Series
    • Conversations in Black & White | Podcast Series
    • Compliance DOs and DONT’s | Podcast Series
    • The COVID-19 Specials | Podcast Series
  • Webinars
Previous Episode
Next Episode
Subscribe Now
  • Share on TwitterShare on Twitter
  • Share on FacebookShare on Facebook
  • Share on LinkedInShare on LinkedIn
  • Share via EmailShare via Email

Ep. 14: Common Compliance and Regulatory Issues

Spot On Insurance
Regulatory Compliance
Dan Maher

Shownotes

Dan Maher is the Executive Director and Chief Operating Officer of the Excess Line Association of New York (“ELANY”). The Association is a statutorily created industry advisory association responsible for facilitating and encouraging compliance with New York’s excess line laws. He is also an attorney licensed to practice in the states of New Jersey and New York and a number of federal courts. Prior to joining ELANY in 1997, he was Senior Vice President and General Counsel with Lancer Insurance Company for fifteen years.

This episode is brought to you by:


Insurance Licensing Services of America (ILSA), America’s premier regulatory compliance experts. To learn more visit ILSAinc.com.

Dan is a registered lobbyist in New York State and has influenced a number of changes to New York State insurance laws. He holds the professional insurance designation Associate in Surplus Lines Insurance (ASLI) and is a frequent speaker on current issues affecting the property/casualty and Surplus Lines Insurance industry.

Dan joins me today to share his ideas on how to not incur the wrath of regulators. We discuss compliance and how to avoid fines. He also provides some concrete examples with regard to regulatory matters, mainly from his own experience.

“Unfortunately, there’s often a lack of training in the area of compliance.”

Dan Maher

What you’ll learn:

  • What you should watch for when it comes to fines and disciplinary actions.
  • Why you need to be properly licensed for admitted and non-admitted businesses.
  • The questions you need to ask when it comes to compliance.
  • One of the biggest areas where he sees fines in NY.
  • Simple issues that often cause problems in compliance.
  • What is the zero tax return?
  • How much you could pay in fines.
  • The role of consumer complaints in the process of regulation.
  • What a notice failure is.

Key Takeaways:

  • You don’t want to anger regulators by not responding
  • It’s not just about the money you’re fined, it’s where it can lead your business.
  • You can get fined for not revealing that you’ve been fined.

Connect with Dan

  • Elany.org
  • dmaher@elany.org
  • (646) 292-5500

Previous Post:Ep. 13: Continuing Education = Competitive Edge
Next Post:Ep. 15: Cyber – Risk and the Insurance Industry

What do you want to learn today?

Get Spot On Insurance on your favorite podcast platform

Subscribe Now

Spot On Insurance

We help leaders in insurance navigate the complexities of our evolving industry.

  • Facebook
  • Twitter
  • Instagram
  • LinkedIn
  • YouTube

Learn

  • Agency Management
  • Cybersecurity
  • Diversity & Inclusion
  • Insurance Careers
  • Professional Development
  • Regulatory Compliance
  • Sales Marketing
  • Surplus Lines
  • Tech & Insurtech

Listen

  • Spot On Insurance Podcast
  • Conversations in Black & White
  • Compliance DOs and DONTs
  • The Covid-19 Specials

Copyright © 2021 ReSource Pro · Spot On Insurance · All Rights Reserved

Subscribe | SOI Podcast

Select your favorite podcast platform

Subscribe
Subscribe
Subscribe
Subscribe
Subscribe

Reasons to Subscribe to the SOI Email List:

Content tailored to you over time, I’ll get to learn more about you and deliver content that actually matters.