Producers have regulatory requirements that they must adhere to. Aside from just basic licensing for the states they operate in and lines of business that they sell, they must also adhere to regulations on rebating, conflict of interest, commissions, continuing education and agency bill. This podcast will examine the requirements specific to agents and brokers and in addition, will include specific requirements when acting as a surplus lines broker.
Featuring: Jack Chaskey, Sr. Regulatory Affairs Specialist, Westmont Associates, Inc.
Dan Maher, Executive Director, Excess Line Association of New York (ELANY)
John “Jack” Chaskey, Sr. Regulatory Affairs Consultant, joined Westmont with over 30 years of experience as a Supervising Examiner for the New York Department of Financial Services (“NYDFS”).
He served New York in the Investigations Section of the Consumer Services Bureau, where he analyzed, trended and reviewed the market conduct of agents, brokers and adjusters for all lines of insurance, and he investigated applicants for those licenses and newly appointed insurance company officers and directors.
While at the NYDFS, he participated in many National Association of Insurance Commissioners’ initiatives including chair of the Producer Licensing Working Group, the Complaint Handling Working Group, and as a board advisor for the National Insurance Producer Registry (NIPR).
Mr. Chaskey currently holds the designations of Chartered Property and Casualty Underwriter and Certified Insurance Examiner. He received his BBA in accounting from Siena College in Albany, New York.
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 law.
Mr. Maher 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.
Mr. Maher is a registered lobbyist in New York State and has influenced a number of changes to the New York State insurance law.
Additionally, Mr. Maher holds the professional insurance designation Association in Surplus Lines Insurance (ASLI) and is a frequent speaker on current issues affecting the property and casualty insurance industry.