This seminar will provide both an overview and detail on the commercial surety line of business. It will be presented by experienced and knowledgeable commercial surety underwriters and professionals. The Seminar will provide newer entrants into the surety industry with details regarding the many types of commercial surety bonds and considerations regarding the underwriting process. Underwriting issues will include topics such as bond language evaluation, financial analysis, and assessment of the class of business risk. The seminar also will include a “taste” of more specialized bond types such as Customs bonds, reclamation bonds and workers’ compensation self-insurance bonds. Instruction will be supplemented with interactive case studies.
We will be accepting registrations on a first-come, first-served basis. To register, please fill out the Registration Form and return it with the registration fee to: Meetings Department, The Surety & Fidelity Association of America, 1101 Connecticut Ave., NW, Suite 800, Washington, DC, 20036. Please submit your registration by September 25, 2015 to ensure that you are included on the advance registration list. To verify that space is available, please call 202-463-0600.
A full refund of the seminar registration fee will be provided if the reservation is canceled by September 25, 2015.
The seminar will be held in Chicago at the Embassy Suites Hotel – Downtown (600 N. State Street). Take advantage of this worthwhile educational resource. Register early. Space is limited. To enhance the educational experience of the students, class size will be capped at 40.
To make hotel reservations, please call the Embassy Suites directly at 1-800-362-2779. A special rate of $229 per night is available for meeting attendees. All reservations must be guaranteed with a valid credit card and are subject to a 24-hour cancellation policy. Please mention that you are attending The Surety & Fidelity Association of America Commercial Surety Seminar. This special rate is available until September 21, 2015.
October 21, 2015
6:00 p.m. - 7:00 p.m. SEMINAR REGISTRATION
6:30 p.m. - 7:30 p.m. WELCOMING RECEPTION
October 22, 2015
8:00 a.m. – 8:45 a.m. CONTINENTAL BREAKFAST
8:45 a.m. – 9:10 a.m. WELCOME & INTRODUCTION
9:10 a.m. – 10:00 a.m. BOND FORM CONCEPTS
This session will address various provisions found in a bond form that affect the risk profile of the bond (cancellation, accumulation, compliance, financial guarantee, forfeiture, claims made, occurrence).
10:00 a.m. – 10:20 a.m. BREAK
10:20 a.m. – 11:10 a.m. LICENSE & PERMIT BONDS
This session will address the underwriting considerations, bond forms and statistics of three frequently written license and permit bonds: contractor’s license, motor vehicle dealer and mortgage broker.
11:10 a.m.– 12:00 p.m. FIDUCIARY BONDS
This section will cover the forms and underwriting considerations of various types of fiduciary bonds – administrator, executor, guardian, trustee.
12:00 p.m.– 1:00 p.m. LUNCH
1:00 p.m. – 2:10 p.m. REVIEW AND CASE STUDY #1
2:10 p.m. – 3:00 p.m. COURT BONDS
This section will cover the forms and underwriting considerations of various types of required in court proceedings – defendant's appeal, attachment, replevin.
3:00 p.m. – 3:20 p.m. BREAK
3:20 p.m. – 4:20 p.m. FINANCIAL STATEMENT ANALYSIS
This session will present techniques and skills to assist the surety professional in navigating his or her way through the bond principal’s financial statement, including the principal’s annual report, 10K, and 10Q.
4:20 p.m. – 5:30 p.m. REVIEW AND CASE STUDY #2
5:30 p.m. ADJOURN
October 23, 2015
8:00 a.m. – 8:45 a.m. CONTINENTAL BREAKFAST
8:45 a.m. – 9:35 a.m. A GLIMPSE AT SOME TOUGHER BONDS (WORKERS COMPENSATION SELF INSURANCE, CLOSURE/POST CLOSURE AND RECLAMATION BONDS)
Although a newer surety professional may not encounter the higher risk bonds at the early stages of his or her career, it is never too early to be exposed to them. This session will cover the underwriting considerations, bond forms and applicable statutes related to workers’ compensation self-insurance bonds, closure/post closure bonds and mining reclamation bonds.
9:35 a.m. – 10:25 a.m. CUSTOMS BONDS
Although underwriting Customs bonds generally requires a specialized knowledge, underwriters should have a general working knowledge of these bonds, as larger principals often have Customs bond needs in addition to other commercial surety needs. This session provides an overview of the forms and underwriting considerations of Customs bonds.
10:25 a.m. - 10:45 a.m. BREAK
10:45 a.m. – 11:30 a.m. NON CONSTRUCTION CONTRACT BONDS
This session will examine the underwriting considerations regarding a growing class of commercial surety - bonds that secure the performance of a non-construction contract, such as a contract to provide various services (e.g. transportation, advertising, and accounting).
11:30 a.m. – 12:40 p.m. REVIEW AND CASE STUDY #3
12:40 p.m. – 1:40 p.m. LUNCH
1:40 p.m. – 2:30 p.m. GENERATING BUSINESS - MARKETING COMMERCIAL SURETY
This session will cover techniques and considerations for building your commercial surety book of business.
2:30 p.m. – 3:30 p.m. THE DURABLE MEDICAL EQUIPMENT PROVIDER - NAVIGATING THE REGULATORY AND COMPLIANCE ENVIRONMENT
DMEPOS bonds are a growing class of business. A critical component in underwriting these bonds is a strong understanding of the regulatory and compliance environment encountered by a supplier of durable medical equipment. Hear from a health care legal practitioner who will provide the perspective of the DMEPOS with respect to compliance, audits, and the billing and reimbursement process.
3:30 p.m ADJOURN
SFAA MEMBERS: $420
Pay by Check or Credit Card
Make checks payable to The Surety & Fidelity Association of America. Return Registration Form with payment to Meetings Department, 1101 Connecticut Ave., NW, Suite 800, Washington, DC, 20036.
Complete and fax a Registration Form and Credit Card Authorization Form to 202-463-0606