Friday, October 20

2:30PM - 5:30PM

Insurance Companies

Chair:  Kirk Van Brunt, Davis & Harman LLP, Washington, DC

2:30pm             Opening Remarks by the Chair.

2:35pm             Current Issues/Developments at the IRS National Office/Department of Treasury.   This panel will discuss recent developments and tax issues of interest to the insurance industry, including items on the Priority Guidance Plan and the recently enacted COLI Best Practices law.  Moderator:  Frederick R. Krull, Ernst & Young LLP, Los Angeles, CA.  Panelists:  Mark S. Smith, Attorney-Advisor, Office of Tax Legislative Counsel, Department of Treasury, Washington, DC.

3:35pm             Private Annuity Trusts -- The Good, the Bad, and the Ugly.  This panel will examine the increasingly popular private annuity trust, including what they are, how they work, and what tax issues they raise. Moderator: Kirk Van Brunt, Davis & Harman LLP, Washington, DC.  Panelist:  Robert W. Wood, Wood & Porter, San Francisco, CA.

4:35pm             Principle Based Reserves.  This panel will address the status of efforts toward instituting principle based reserving and discuss the various tax issues that are beginning to arise with respect to such reserving. Moderator:  Susan E. Seabrook, Latham & Watkins LLP, Washington, DC. Panelist:  Lori Robbins, Davis & Harman LLP, Washington, DC.