Rector and Associates

Sarah Schroeder

President

Sarah has more than 20 years of experience in insurance regulatory matters. Her emphasis has been on corporate/business transactions, financial solvency matters, agent licensing arrangements and health care issues.

Sarah has directed and assisted with several operational audits on behalf of insurance and other managed care companies and state departments of insurance to evaluate companies’ compliance with various insurance regulatory requirements. These audits included all facts of the companies’ operations, including claims processing, ratemaking, policy issuance, complaint handling, and provider relations and contracting.

Sarah has worked extensively with insurance companies to obtain departmental approval of domestic and foreign insurance company license applications and of various proposed insurance company transactions. These types of transactions include intercompany management and reinsurance agreements and surplus notes. She has also reviewed these same types of applications and transactions on behalf of various state departments of insurance and made recommendations on departmental action to be taken.

Education:
J.D., The Ohio State University, College of Law, 1984
B.A., English, Wittenburg University, 1981 Magna Cum Laude

Neil Rector

Founder & Senior Consultant

Neil is the founder of Rector & Associates, Inc. Before he founded the firm, Neil was the Deputy Director of the Ohio Department of Insurance, which he joined in 1988 after an insurance corporate and regulatory legal practice with a national law firm.

As team leader for the Accreditation Program of the National Association of Insurance Commissioners (NAIC), Neil has conducted performance audits of the financial examination and analysis areas of the vast majority of state insurance departments. He has testified twice before the U.S. Congress about the Accreditation Program.

Over the last 20 years, Neil frequently led the firm’s engagements by various insurance regulators on many complex matters, including reviews of Form A and Form D filings; targeted financial and market conduct examinations of troubled companies or companies engaging in potential fraudulent activity; and reviews of Blue Cross/Blue Shield insurer matters, including conversions to a stock company and analysis of the insurer’s value and excess and surplus.

Internationally, Neil has been engaged to help establish insurance regulatory agencies or to train insurance regulatory staff in China, Brazil, Hungary, Slovenia and Poland.

Education:
J.D., University of North Carolina School of Law, 1983 Order of the Coif
B.A., Economics and English, Wake Forest University, 1980 Cum Laude

Ed Dinkel

Senior Financial Consultant

A certified public accountant, Ed has more than 20 years of experience in insurance financial examination, analysis and accounting matters. Ed’s insurance regulatory experience includes assessing complex insurance transactions and matters on behalf of state insurance departments, including analyzing asset and liability transfers, reinsurance transactions, risk-based capital plans, and the financial condition of insurance companies. Ed has also performed full and limited scope examinations of insurance companies on behalf of state insurance departments.

Ed has performed extensive financial and operational reviews of insurers and managed care entities, including reviews of insurance companies’ internal controls. He also has assisted insurance companies with determining the appropriate accounting treatment for various insurance transactions under statutory accounting principles and annual and quarterly statement filing requirements.

Ed participates as a team member for performance audits of the financial examination and analysis areas of state insurance departments as part of the Accreditation Program of the National Association of Insurance Commissioners. Ed has also provided training to various insurance departments on topics such as the NAIC Accreditation Program, the NAIC Risk-Focused Surveillance Program, and the NAIC Accounting Practices and Procedures Manual.

Before joining the firm, Ed was the NAIC Senior Accreditation Manager for 12 years and was responsible for its Financial Regulation Standards Accreditation Program. In this position, Ed participated on accreditation and/or pre-accreditation reviews of all state insurance departments. He also maintained the Accreditation Program standards, policies and procedures.

Prior to serving in this position, Ed was the NAIC’s Controller, overseeing the accounting staff and preparing monthly financial statements. Before joining the NAIC, Ed served as an accountant for a Kansas City accounting firm.

Education:
B.S., Business Administration (Accounting), Kansas State University, 1987

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