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Operations Committees

 

Administrative Services Committee — focuses on the management of administrative or corporate services functions such as systems and equipment, central files, forms and inventory control, micrographics and printing, methods and procedures, mail and purchasing, building and grounds operations, and travel. Members are industry executives responsible for administrative or corporate services support within their companies. LOMA staff liaison is Mary Ryan (770-984-3753), ryan@loma.org.

 

 

Broker-Dealer Committee — assists subsidiary companies in the improvement of product selection, marketing and distribution, administration and operational systems, as they relate to an affiliation with a member parent life insurance company. Members are usually officers of the broker-dealer and/or the parent Life Company involved in marketing, compliance, operations & administration, or sales. LOMA staff liaison is Ted Hatcher (770-984-6407), HatcherT@loma.org.

 

 

Contact Center Committee — assists member companies in the improvement of their operations by pooling experience, identifying and suggesting acceptable alternatives and investigating various practices. Members of this committee should have direct responsibility for the operation of their organizations contact center as a whole or a unit within the contact center. LOMA staff liaison is Ted Hatcher (770-984-6407), HatcherT@loma.org.

 

 

Equity Products and Annuity Committee — investigates, studies and discusses issues relative to administration and marketing procedures and practices in the fields of fixed and variable annuities, variable life insurance, mutual funds, and other registered and non-registered products. Members are executives with substantial responsibilities and expertise and exposure to various aspects of individual annuity administration, product development, new business & client services, actuarial, systems, legal, financial reporting or marketing. LOMA staff liaison is Ted Hatcher (770-984-6407), HatcherT@loma.org.

 

 

Group Insurance Administration Committees — investigate, study and discuss their company’s current administrative practices, procedures and systems in the fields of group life, long-term disability and medical insurance. Members are responsible for one or more areas of administration of group insurance products at their company. LOMA staff liaison is Jim Huffman (770-984-6446), huffmanj@loma.org.

 

 

Group Pension Committee — investigates, studies and discusses issues relative to administrative systems, regulatory requirements, marketing relationships and other procedures and practices in group pension plan administration on both the plan and contract level, and with other group or corporate retirement arrangements. Members are executives with substantial responsibilities and expertise and exposure to various aspects of group pension operations such as administration, investment, actuarial, underwriting, systems, legal, product development, benefit payments, financial reporting or marketing. LOMA staff liaison is Jim Huffman (770-984-6446), huffmanj@loma.org.

 

 

Group Pension Investment Products Committee — consists of representatives of insurance companies active in pension markets, either full-service (DB & DC plans) or institutional (GICs, FA-backed notes).  The committee strives to be at the forefront of new developments and products in the group pension business through lively discussions, presentations, surveys, etc.  Members are executives with expertise and functional responsibility for various aspects of group pension operations such as administrative, investment, actuarial, underwriting, or marketing.  Beyond the timely information shared at the meetings, the networking afforded by participation has proven to be valuable when an issue arises at the office on which another member may be able to provide perspective. LOMA staff liaison is Jim Huffman (770-984-6446), huffmanj@loma.org.

 

 

Individual Insurance Services Committee I — assists member companies in the improvement of all aspects of individual insurance service. Members must have current, substantial and relevant experience in the POS aspects of the life insurance industry and hold a management level, policy making position. Companies represented on IISC I generally have more than 1.5 million policies in force. LOMA staff liaison is Jim Huffman (770-984-6446), huffmanj@loma.org.

 

 

Individual Insurance Service Committee II — analyzes individual customer service functions through review of various company operations dealing with policyowners, agents and regulators and by identifying and suggesting acceptable alternatives, investigating various company operations and practices in policyholder services, keeping in mind the perception by the customer. Members must have current, substantial and relevant experience in the POS aspects of the life insurance industry and hold a management level, policy-making position. Companies represented on IISC II generally have less than 1.5 million policies in force. LOMA staff liaison is Ted Hatcher (770-984-6407), HatcherT@loma.org.

 

 

New Business Committee

The New Business Committee will focus on assisting member companies in the improvement of their new business operations in areas such as policy issue, underwriting, compliance and technology by way of sharing information as well as discussing various methods of operation and practices. Members must have current, substantial and relevant experience in the new business aspects of the life insurance and/or annuity industry and hold a management level, policy making position. LOMA staff liaison is Jim Huffman (770-984-6446), huffmanj@loma.org.

 

 

Product Development Management Committee — directs attention to improving the product development/management process with the industry, improving product design in order to better meet consumer/distribution needs, gaining a better understanding of industry related issues. Members are executives with responsibilities and expertise and exposure to various aspects of product development. Staff liaison is Jim Huffman (770-984-6446), huffmanj@loma.org.

 

 

Small Employer and Individual Pension Committee — assists member companies in the improvement of the management of their small group and individual pension business by pooling experience and conducting research in the field, investigating marketing relationships, State and Federal regulator requirements and administrative systems; procedures and practices in the field of individual pension plans; small group plans on both the plan and contract level and all other tax qualified retirement arrangements. Members must have managerial responsibilities and a minimum of three years of experience with exposure to various aspects of small group or individual pensions. LOMA staff liaison is Ted Hatcher (770-984-6407), HatcherT@loma.org.

 

 

Specialized Insurance Services Committee — promotes continuing awareness of industry issues pertaining to distribution, administration, service and other areas of insurance company operations with regard to insurance products developed and distributed to lower and middle-income consumers. Members are senior officers responsible for the administration and/or operations of a life insurance company that develops and distributes insurance products to lower and middle-income consumers. LOMA staff liaison is Jim Huffman (770-984-6446), huffmanj@loma.org.

 

 

Workflow and Imaging Network

LOMA's Workflow and Imaging Network consists of individuals involved in the implementation and operation of their insurance company's workflow and imaging initiatives. Representatives are typically from the business and operations areas involved in this initiative rather than from the systems or technical support of the workflow and imaging. The purpose of the network is to afford these individuals a forum whereby they may discuss practices and other matters related to workflow and imaging. LOMA staff liaison is Jim Huffman (770-984-6446), huffmanj@loma.org.

 

 

For detailed information about the committee process and descriptions of each committee, download the Committee Handbook.

Back to overview of LOMA Committees.


 

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