Frequently Asked Questions

How do I learn more about this industry?
Find out if courses are being offered at your local college or junior college. You can also self-study or see if there is a class being sponsored by your company. An excellent source for Property & Casualty education materials is the American Institute for CPCU in Malvern, PA. Their phone number is 800-644-2101 and their website is www.aicpcu.org. Alternatively an excellent source for Life & Health education materials is LOMA. Their website is www.loma.org.

Is there a career in regulatory compliance?
Yes, definitely. With each state having a unique set of statutes as well as the insurance departments having their own rules and guidelines, the need for companies to have people who know what those rules are, who can negotiate with the regulators and who can work with other departments within their own company is becoming more critical.

I'm new to Compliance. What do you have to offer newcomers to this field?
AICP is the premier educational association for Insurance Compliance Professionals. The national conference features more than 50 workshops geared for all experience levels, and for both the property-casualty and life and/or health professional. The AICP P&C Compliance Handbook provides a ready resource to assist the new P&C filer in drafting simple cover letters, recognizing state insurance forms, and suggesting language that may be modified for specific state submissions. At the chapter level, local meetings feature speakers on a variety of topics, and offer the new compliance professional an opportunity to exchange ideas with others in the field who are at every level of professional development.

What is the potential benefit of membership to me?
Our members frequently cite networking as primary benefit of being a member of AICP. Each year we publish a member directory that provides the name, address, e-mail address, and company of all our members. AICP's website hosts a discussion forum that is available for members to post regulatory questions or provide insight to others who post. The AICP Journal is a source of regulatory news that many members collect over the years to build a resource library. The quarterly chapter meetings allow members to interact, to visit with an insurance department, or simply talk shop with others who know the challenges facing the compliance professional. And, of course, the national conference is the premier event of the year. Usually featuring regulators from ten to twelve states, and other timely or reinforcing educational workshops.

I've been in this business for quite some time. Is there a benefit to me in belonging to AICP?
The questions you have about regulation and compliance are generally complex and often sensitive. You need to find others with fifteen years or more experience with whom you can share your ideas, and from whom you can obtain guidance in tackling issues of compliance, regulation, or management. AICP has many members who have those years of experience. Many serve on our Board of Directors or as officers at the Chapter or National level. Someone has probably been faced with similar problems. As a member, you have the means and the ability to call any of AICP's leaders and ask for a friendly ear.

We are looking to add additional staff to our Compliance Department. Can AICP assist us in finding the right candidate?
As a member of AICP, your company can post compliance job openings on AICP's website at no charge. Compliance professionals looking for a new opportunity use AICP's website as a regular resource.