LANCASTER, PA, October 20, 2008  –  Scott H. Spencer, Esq., Co-Chair of Stevens & Lee’s Captive Insurance Group, was a featured speaker at a seminar titled “Corporate Governance and Captive Best Practices.” The seminar was sponsored by The Friendly Society Restored, which advocates on behalf of the captive insurance industry in South Carolina and by the South Carolina Department of Insurance. Mr. Spencer presented to an audience of captive insurance group managers, regulators, industry service providers, and other risk professionals. The seminar was designed in part as a training session for regulatory staff of the Department of Insurance.

Mr. Spencer discussed the current legal requirements imposed on directors and officers of risk retention groups and other captive insurers. He reviewed proposed legislation under consideration by Congress and proposed governance standards under consideration by the National Association of Insurance Commissioners. He also presented a case study of governance best practices designed and implemented for a client that is a large, South Carolina-domiciled risk retention group.

Mr. Spencer concentrates his practice in captive insurance, corporate law and finance. He has more than 20 years of experience with captive insurance companies and alternative risk financing and is skilled in working both domestically and off-shore with a number of industry segments, including manufacturers, service providers and health care organizations. Mr. Spencer has served on the Council of the Corporation Section of the Pennsylvania Bar Association and the Pennsylvania Securities Commission Attorney Advisory Committee. He received a J.D. (magna cum laude) from Cornell Law School and is an honors graduate of the Wharton School of the University of Pennsylvania, where he received a B.S. in Economics.


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