Seminar May 19, 2010

Bank Owned Life Insurance: New Compliance Concerns for BOLI Programs and BOLI Participants - 2010 Update

Event Detail
Alston & Bird presented this teleseminar as part of the firm's series regarding the BOLI industry. Participant heard about emerging legal issues confronting banks with significant BOLI assets, as well as the challenges faced by the carriers, brokers and wrap providers supporting these programs.  Charlotte partner Clay Littlefied, Dallas partner Alan Struble, and Washington DC partner Dwight Smith and Counsel Joe Yesutis addressed BOLI-related topics of recent concern to clients and the industry, including:
  • Regulatory Compliance
    - The continuing requirement for post-purchase due diligence
    - Emerging strategies for salvaging underperforming BOLI

  • Tax Considerations
    - When could a policyholder be treated as the tax "owner" of separate account assets? How much control is too much?
    - Section 101(j) and the "material change" concept
    - Impact of the economic substance doctrine’s codification

  • Litigation Trends
    - Deteriorating separate account values: Who’s to blame? 
    - Is BOLI another form of "janitors insurance"?

May 19, 2010
12:00pm - 1:00pm EDT 

Media Contacts
Nicholas Clarke
Senior Communications Manager
Phone: 212.210.1222
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