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Show Page Risk & Insurance Management by Michael R.E. Sanders There is no standard wording for the Difference in Conditions (D1C) insurance contract. Each insurance company may have its own basic form which will vary fromtime to time and from risk to risk. These wordings may Your Law Seminar At your convenience. In your own home. Your car. Your plane. be graded from extremelypoor to tiDu YoioV momey. Bint nuoii: ftlh ttijmo. excellent. The net result unfortunately is that D1C, although in existence in the excess and surplus lines market for twenty years, is neither fully understood nor appreciated by the majority of medium size brokers and small brokers in the United States. Big insureds of course, have the advice of big brokers and very often have their own professional risk manager who can tailor-mak- e and place this very vital adjunct to their property program. The cost of DIC to the big insured is proportionately higher when measured against his named peril (fire and extended coverage, etc.) premiums than it would be for the medium size insured or the small commercial account. Construction features and protective engineering factors which are important to the fire and wind perils bring about this result. The professional risk manager and the large broker recognize the need for DICand the proper premium charge. But it is ironic that the DIC might even be more important to the medium size commercial business. The coverage provides the broadest possible protection against perils such as flood, earthquake and collapse which, How busy executives, broker-dealeAnd still attend to other things. and attorneys can keep up with the law: rs Attending a Law Seminar would be well worth the $500 to $1,000 in hotel bills, air fare and the rest. Because you need to keep current on Securities Law and Practice. Now you can update your knowledge at your convenience. In the evening at home. On your way to the office in your car. Wherever you can catch a moment to listen to a Juristics cassette. Thats right, a complete taped Law Seminar on Securities Law and Practice on 12 cassettes. And for only $100.00. Here are the 12 specialized areas of Securities Law prepared by an associate dean of a major law school, a practicing attorney and recorded professionally: State and Federal Securities Acts Background, general structure and philosophy of leading state securities codes; the Uniform Securities Act; federal legislation, with emphasis on the Securities Act of 1933 and the Securities Exchange Act of 1934. Financial arrangements and transactions that may be deemed the sale of a security. Federal and State Exemptions of key federal and state exemptions from registration, particularly transactions not involving any public offering," intrastate offerings, isolated trans- actions, preorganization subscriptions. Comparison of statutory language, case law, and the new SEC Rules 146 and 147. Analysis Registration The general mechanics of federal registration and of Regulation A filings. Registration procedures and principal requirements in selected, illustrative states: California, Utah, New York and New Jersey. Contrasting state and federal regulatory philosophies. Private Placement and Limited Resales Exposition of Section 4 (2) and of SEC Rules 144 and 146 respecting restricted securities. Determination and consequences of "control, legends, escrow and other restrictions; suggested provisions. Sections 10 and 16 reporting requirements. Broker Dealer Transactions Consideration of sections 4 (3) and 4 (4), and their relationship to section 2 (11). Mergers and Consolidations New SEC Rule 145 and alternatives. Corporate and securities documents and procedures in affecting mergers. A consideration of related tax consequences. Registration Procedures and Practice although short form registraSpecific suggestions concerning Regulation A filings full federal and and state and documentation. tion) registration procedures (so-call- infrequent, could be fatal to the continued operation of the business. A very Jarge firm may well be able to go on even though they have had one or two locations disappear in a natural catastrophe such as is covered under DIC. A smaller firm may be mortally wounded The DIC also covers certain perils such as burgulary, water damage, transit, where the incidence of loss is much more frequent than fire extended coverage and although a series of losses may not be fatal to the operation, such losses, if uninsured, may make the difference between (continued on page 12) ed Professional Responsibility of the Lawyer Ethical and legal concerns with particular reference to registration statements, reports, and opinion letters. Current SEC staff view regarding and experts attorneys. Related developments respecting professional civil liabilities of accountants. Insurance for lawyers. post-registrati- on General Concepts of Civil and Criminal Liability Relevant federal and state statutory provisions, with concentration on SEC Rule Elements of scienter, reliance, materiality, causation, and damages. 10b-- 5. Private Civil Litigation Actions in federal court, including pendent state claims. Class actions. Liability of officers, directors, insiders, control persons, and aiders and abetters. Matters Involving the S.E.C. Rules relating to investigations and other administrative procedures. Rules of practice. Defense in proceedings against selling persons, broker-dealerand lawyers. Actions by the SEC in excess of authority. s, Defending in Criminal Litigation Analysis of a federal grand jury indictment. Defense motions and procedures. Trial strategy and techniques. An annotated, written compendium is also included with each seminar. Forget hotel bills, air fare, books, attorney fees. Quick access into leading cases and current thinking of securities leaders are yours. Legal research from the great libraries, condensed and categorized, now become convenient. Send for the Juristics Securities Law and Practice Seminar now. And turn on your own Law Seminar. State Applies for Branch State Savings and Loan has applied for permission to establish a branch office at 2080 East 4800 South in 1 j j Holladay. We have an abundance of customers in that end of the valley already, explained Rod of Shumway, new president the association. The only other savings and loan in the area is Western. We feel the move would be better for our present customers, and would allow us to continue our new growth, JURISTICS Lake City, Utah 84101 Continental Bank Building Second South and Main-Sal- t Please send me the Juristics 1 2 Cassette Seminar on Securities Law and Practice. Suite 41 4 - J Name Firm Street Address State City Zip Please bill my firm. shall return the tapes, compendium and ( ) My check for SI 00.00 is enclosed. If I am not completely satisfied, album in new condition within 10 days following receipt thereof for a full refund. ( ) My check for $50.00 is enclosed, and shall make 6 monthly payments in the amounts of 12.50 each, starting the first of the second month following receipt of my order. Account Number Expiration Date Charge My ( ) Bankamericard ( ) Master Charge ( ) I I j Signature J U Shumway said. o I Juristics, Inc. tf a a 7 |
