We ensure that you understand all of the regulatory and compliance expectations for owning institutional life insurance. We also assist you with monitoring legislative, regulatory and accounting developments. For any developments that impact your program, we help you understand the evolving landscape and suggest actions to address them.
- Monthly LRA (legal / regulatory / accounting) updates
- Annual Documentation Binders, comprising a detailed table of contents and electronic documentation
- Peer Bank Analysis of BOLI Holdings
- Develop, update, maintain and review BOLI administration manuals and procedures
- Develop and update annual BOLI plan reports and documentation for Board of Directors
- Collaborate with you and your tax, legal and accounting advisors to track and determine the impact of new developments on BOLI plan
- Update or revise reporting processes to remain in compliance, as necessary
- Update or revise management procedures to remain in compliance, as necessary
To learn more about our Regulatory and Compliance services, contact us by clicking here.