MKA Executive Planners Blog

9 Things to Look for on Your Annual Bank Owned Life Insurance Review

Posted by Debra Hardimon on Tue, Nov, 06, 2012

When the FDIC examiners are in, you want them to know that you are paying attention to details in order to keep your Bank in compliance.  By paying special attention to the following items on your Annual Bank Owned Life Insurance (BOLI) Review, you should be able to answer their questions regarding your BOLI with ease.  Your BOLI Administrator should be addressing the following key items in your Annual Review to make sure that you remain within OCC 2004-56 guidelines:

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Tags: Bank Owned Life Insurance