American Fraternal Alliance/First Consulting & Administration Inc.

 

Online Compliance Training & Reporting for Employees -- Special Pricing for Alliance Members!

SHOP HERE FOR ALL COURSES

 

 

Anti-Fraud Training: Updated for 2017

Member Price: $46 per person (includes user fee*)

*Employees must take course within three weeks of launch or additional fees will apply.

Meets the most stringent state requirements for two hours of Anti-Fraud training. 
(Note that this training does not meet the full 4.5 hours of training required by NJ for new P&C and Health Claims staff.)

  • •  Identifying and recognizing red flags, red flag events or fraud indicators for many types of insurance fraud
     
  • • For life insurance companies: specific discussions related to life insurance application fraud, medical fraud and stranger-owned life insurance (STOLI). 
    Note that STOLI-specific training is an optional add-on to the Anti-Fraud course for an additional fee.
     
  • • For property-casualty companies: case studies on using accident reconstruction and forensic accounting to investigate claims
     
  • • Tips for identifying, documenting and referring incidents of suspected insurance fraud to fraud agencies or proper designated authorities
     
  • • Emerging insurance fraud trends
     
  • • Current fraud cases in the news
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  • • Current fraud cases in the courts
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  • Now includes Elder Financial Abuse Module

 

Anti-Money Laundering (AML)

Member Price: $23 per person (includes user fee*)

*Employees must take courses within three weeks of launch or additional fees will apply.

AML Course:

Fulfills requirements under the USA PATRIOT Act, which requires insurers to provide ongoing training of appropriate employees concerning their responsibilities under the insurer’s AML program. 

  • • Responsibilities for the Company management and employees under an AML policy
     
  • • Definition of Money Laundering and its three stages
     
  • • Cash Equivalents defined and the importance of monitoring them
     
  • • Typical scenarios for laundering money through insurance contracts
     
  • • Monitoring for suspicious activity and filing Suspicious Activity Reports (SARS)
     
  • • Identifying and recognizing red flags, red flag events or indicators for money laundering
     
  • • OFAC responsibilities
     
  • • Internal Revenue Service (IRS) Form 8300 reporting requirements
     
  • • For Variable products: Financial Crimes Enforcement Network (FinCEN) and U.S. Securities and Exchange Commission (SEC) Customer Information Program (CIP) requirements
     
  • • Monitoring Wire Transfers for Suspicious Activity

 

Privacy Training Course:
 

Member Price: $23 per person (includes user fee*)

*Employees must take courses within three weeks of launch or additional fees will apply.

Fulfils requirements under the Gramm-Leach-Bliley Act (GLBA), which requires insurers to provide ongoing training of appropriate employees concerning their responsibilities under the insurer’s Privacy Policy.

  • Addresses the requirements under GLBA and The Safeguards Rule
     
  • GLBA Definitions Including Non-Public Personal Information (NPPI)
     
  • What NPPI Can Be Provided to the Insured, Beneficiary, etc.?
     
  • The Company’s Privacy Policy, Promise and Employee’s Responsibilities
     
  • Overview of Administrative, Physical and Technical Safeguards to Protect Customer Information (Clean Desk and Clear Screen Policy, Encryption, Shredders and Cyber Security Protections)
     
  • Detecting Red Flags and Fraudsters Attempts to Steal NPPI
     
  • Handling Agent Requests for Customer Information
     
  • Privacy Breach Laws and Disclosure Protocol
     
  • Handling Possible Fraud or Legal Inquiries

SHOP HERE FOR COURSES

Office of Foreign Assets Control (OFAC) Training at Fraternal Pricing Also Available

Focused on Your ConvenienceHow does First Consulting & Administration deliver this training?

  • Online Training – Training is available for designated staff to take at their convenience, anytime, 24/7, via desktop PCs and laptops.
  • One or Many – Training is available to specific individuals or to entire company departments.
  • Red Flag or Compliance Checklist – everyone taking this training will have access to a convenient Red Flag or Compliance Checklist to keep at their work station.

Recordkeeping
Recordkeeping for each online training session will be provided so you will have documentation available for inspection by your regulator. Each trainee must score 70% on the course test after the online training to receive their certification of course completion. Copies of the training presentation will also be available for your records.

Note that this online training is expressly intended for employees of insurance companies such as underwriters, call center personnel, claims handlers and other integral personnel. It is not intended for Special Investigative Unit (SIU) members, agents or registered representatives of the insurance company, and will not give continuing education credits. 

First Consulting is an Associate Member of the Alliance.  First Consulting has served the insurance industry since 1969 on a wide range of regulatory and compliance matters for all lines of business. Our Co-Sourcing approach helps us deliver high quality services setting us apart by being flexible, practical and affordable. We can assist with Product Development, Form Drafting, SERFF Filings, Research, Corporate Compliance, ERM, Compliance Training, Advertising Review, Business Expansion (UCAA), TPA Licensing and Renewals. Please contact us for more information about our Co-Sourcing services and discounts available for Alliance members.  Contact CJ Rathbun at CJ.Rathbun@FirstConsulting.com.

Stay Compliant! All fraternals are required under the USA Patriot Act Rule to adopt an AML plan and some states require fraternals to adopt an Anti-Fraud Plan. Please email info@fraternalalliance.org to determine your state’s requirements.