2:30pm   Opening Remarks by the Chair.
 
2:35pm   Bank Owned Life Insurance (BOLI) – Where Are We Today?  A panel of speakers will
discuss current tax and bank regulatory issues and developments relating to the BOLI marketplace.   Moderator: Kirk Van Brunt, Davis & Harman LLP, Washington, DC.  Panelists: Mark S. Smith, Financial Institutions & Products, IRS, Washington, DC; Brian W. Smith , Latham & Watkins, Washington, DC; Susan Seabrook, Latham & Watkins, Washington, DC; Bryan W. Keene, Davis & Harman LLP, Washington, DC.
 
3:35pm   Section 338, 1060, and 197 Regulations Applicable to Acquisitions of Insurance Companies and Insurance Businesses. A panel discussion of recent developments with respect to those regulations and their impact on transactions involving insurance companies. Moderator: Gary Vogel, Ernst & Young, LLP, Washington, DC. Panelists: Victor Penico, Senior Counsel, Branch 1, IR S, Washington, DC; Mark Weiss, Attorney Advisor, IRS, Washington, DC.
 
4:35pm   Year-End Life Insurance and Property/Casualty Update.  A panel discussion of current developments related to the insurance industry throughout 2005 and a look forward to what 2006 may bring. In addition, there will be a discussion of the impact of recent FASB guidance on uncertain tax positions. Moderator: Tom Quinn, Tom Quinn Consulting, Boston, MA. Panelists: Mark Smith, IRS, Washington, DC; Frederick Krull, Ernst & Young LLP, Los Angeles, CA.