Agenda Day 3

Friday, September 9
7:45 a.m. – 8:30 a.m.

Session Coordinator(s)

Facilitator(s)

8:30 a.m. – 9:45 a.m.

Presentation(s): View Presentation

Presenter(s): Philip Ferrari, Ernst & Young, LLP; Robert Fishbein, Prudential Life Insurance Company; Kim Lunn, Northwestern Mutual

  • What is it?
  • What business/functional areas are impacted? E.g., front-end to back-end of the business life-cycle of a life insurance product
  • Elements of a sample "operating model" for an effective product/policyholder tax compliance risk program
  • Practical application - Life insurance company representatives discussing points of view the following:
    • Product tax operational risk and risk mitigation strategies
    • Formal/informal "Product Tax Compliance Programs" in the industry

Session Chair: Philip Ferrari, Ernst & Young, LLP

Session Coordinator(s)

Facilitator(s)

10:00 a.m. – 11:00 a.m.

Presentation(s): View Presentation

Presenter(s): John Adney, Davis & Harman LLP; Phil Ferrari, Ernst & Young, LLP; TBD IRS Representative Office of Chief Counsel

Global Tax Reporting for Insurance Products

  1. Taxation of distributions from life insurance and annuity contracts - Generally
  2. Implications of Common Reporting Standards / FATCA
  3. Cross border tax implications

Session Chair: John Adney, Davis & Harman LLP

Session Coordinator(s)

Facilitator(s)

11:15 a.m. – 12:00 a.m.

Presenter(s): Brian King, Ernst & Young, LLP; Alexis MacIvor, IRS Office of Chief Counsel; All speakers have been invited to participate

Session Chair: Brian King, Ernst & Young, LLP

Session Coordinator(s)

Facilitator(s)

12:00 p.m. – 12:00 p.m.

Session Coordinator(s)

Facilitator(s)

Presentation(s): View Presentation

Presenter(s): Craig Springfield, Davis & Harman LLP; Brian King, Ernst & Young, LLP; Ann Delaney, John Hancock Life Insurance Company

Necessary Premium Testing

  • Statute and role of legislative history
  • Reliance on the NPT versus triggering of material changes
  • UL CVAT and WL contracts with premium paying PUA riders
  • Administrative considerations

Session Chair: Craig Springfield, Davis & Harman LLP

Session Coordinator(s)

Facilitator(s)

Session Coordinator(s)

Facilitator(s)

Saturday, September 10
12:00 a.m. – 12:00 a.m.

Session Coordinator(s)

Facilitator(s)