Services  

  • Currin Compliance Services began in 2007 by helping clients develop products and review and file life and annuity products. Product review and filing remain a significant part of our business. However, our focus is no longer solely on New York State.

    OUR SERVICES

    • Assist in developing life, annuity, and supplemental health product lines. Our early and active involvement in the development process will identify compliance issues upfront.

    • Review and file products in appropriate jurisdictions or with the Interstate Compact. We draft, edit, analyze, and recommend appropriate revisions.

    • Handle all Uniform Certificate of Authority Applications (UCAA)—primary, expansion, corporate amendments—and other regulatory filings. We work to meet your needs with UCAA filings, Holding Company Act filings, and re-domestications.

  • A well-designed compliance program should address risks associated with your company's products, distribution channels, clients, services, and location(s), regardless of your organization's size.


    AML SERVICES

    AML Risk Assessment

    • Understanding your company's exposure is essential to reduce money laundering risks and avoid fines and reputational damage. It is also now required under the Bank Security Act. We can assist you in the design or review of your AML Risk Assessment for compliance with the updated regulations.

    AML Independent Review (in-person or remote)

    • An independent review of your AML program is a critical component of AML compliance and an effective internal tool for maintaining or enhancing your program at effective levels.

    • We offer extensive experience in conducting these reviews specifically in the context of the insurance products, services, and distribution channels life insurance companies sell.

    AML Policies and Procedures

    • We can assist your team in developing controls to protect your company and customers from money laundering and fraud. Our services include AML program drafting and identifying necessary elements to cover your risk profile, in compliance with Bank Secrecy Act (BSA) and AML regulations.

    Independent AML Auditor Training

    • We offer co-auditing and training for your internal reviewers, providing knowledge, techniques, and tools needed to perform independent audits aligned with leading practices and regulatory expectations.


    ANTI-FRAUD PROGRAM SERVICE

    Fraud Assessment Risk

    • We evaluate your organization's vulnerability to various types of fraud, identifying potential weaknesses and recommending mitigation strategies.

    Anti-Fraud Policy Development

    • We assist in creating comprehensive anti-fraud policies tailored to your organization's specific needs and risk profile.

    Fraud Detection and Prevention Training

    • We provide training programs for employees at all levels to recognize, report, and prevent fraudulent activities.

    Fraud Investigation Support

    • We offer assistance in conducting thorough and impartial investigations of suspected fraudulent activities.


    SUITIBILITY PROGRAM SERVICES

    Suitability Framework Development

    • We help create a robust suitability framework to ensure products and services align with client needs and risk profiles.

    Suitability Review Process Design

    • We assist in developing efficient processes for reviewing and documenting the suitability of recommendations and transactions.

    Suitability Training for Financial Advisors

    • We provide targeted training to help financial advisors understand and apply suitability requirements in their client interactions.

    Suitability Compliance Monitoring

    • We design and implement monitoring systems to track adherence to suitability requirements and identify potential issues.



    These services aim to enhance your organization's compliance framework, mitigate risks, and align with regulatory expectations across AML, anti-fraud, and suitability domains.

  • Our services include all aspects of compliance research, training, and education concerning life insurance, annuities, supplemental health, and the DOL Fiduciary Rule (the Rule) — customized to meet your needs.

    Our most requested topics are:

    • Replacement Issues (including or excluding NY Reg 60)

    • Advertising Compliance

    • 50-State Research

    • 50-State Filing

    • DOL Fiduciary Rule

    • General Sales Practice Issues

    • Operational Compliance Policies and Procedures

    • Supervision and Oversight

    • New Business Compliance and how to spot Problems

    • What is different about NY?

    • What can we do electronically?

    • Indexed Annuities in NY

    • ORSA and ERM: “We read the regulations; what do we do now?”

    Our compliance professionals also perform complex national and multi-state regulatory and compliance research for life, health, annuity insurers, banks, and trust companies.

    We provide regulatory updates addressing changes to the laws and regulations in the life, annuity, LTC, and supplemental health industries tailored for where your company does business. We will help implement regulatory changes efficiently to assure compliance.

  • We review advertising and marketing materials for insurance companies, marketing organizations, lead generation firms, and producers across the life & annuity, health, and property & casualty business lines.

    OUR SERVICES

    • Conduct detailed reviews of advertising and marketing materials—ranging from individual pieces to full outsourcing of all compliance reviews to our team.

    • Identify potential regulatory "red flags" to mitigate compliance risks.

    • Draft effective advertising compliance manuals, policies, and procedures and support their implementation.

    • Deliver targeted training to your staff on advertising and producer compliance minimum standards and best practices.

    Our team's depth of industry knowledge and regulatory expertise help safeguard your business against compliance pitfalls while maximizing the impact of your marketing efforts.

  • Insurance carriers and marketing organizations are committed to helping consumers understand the benefits of life insurance and annuity products. State and federal levels are heavily regulated; therefore, navigating regulations is complicated.

    We offer customized compliance services to help insurance carriers and distribution partners identify and mitigate compliance risks. Our services include compliance training, risk assessments, advertising, operational processes, sales practice issues, suitability, and more.

    INSURANCE CARRIERS

    Insurance carriers face the unique challenge of complying with state regulations and federal mandates. Often, insurance companies address regulatory compliance in a reactive mode, not fully aware of compliance problems until faced with a market conduct examination or complaints from regulators or policyholders. The risks to that approach include fines, litigation, and potentially harmful media coverage. We help our clients master the complex regulatory environment and proactively handle compliance challenges with training and tools to manage risk and protect their reputation.

    MARKETING ORGANIZATIONS

    As your business grows, so do your compliance risks. In the past, regulators and plaintiffs’ attorneys turned to the deep pockets of insurance companies who manufacture products to resolve any compliance issue arising from the sale of its products. Today, state insurance regulators also look closely at product distributors – marketing organizations and insurance producers – raising the bar, expecting all parties to the sale to follow ethical and fair sales practice regulations. We help our clients manage risk exposure through risk identification and mitigation services.