OFAC Compliance and Use of Exclusion Clauses: Explore How the Insurance and Other Industries are Approaching Current Challenges
Damian V. Sepanik
Senior Vice President & Chief Compliance Officer
Zurich North America (Chicago, IL)
DLA Piper (Washington, DC)
- Application of exclusion clauses in a reinsurance context and participation deals: whose language to follow when a pool of participants is large?
- Where is the value in the exclusion clause when it could be argued that it is not necessary from a pure contract law perspective (ie, it is not necessary to exclude acts that are already unlawful)?
- How to ally market realities with regulatory expectations?