Corporate-Owned Life Insurance (COLI).

Format:

Book

Government document

Author/Creator:

Library of Congress. Congressional Research Service.

Language:

English

Subjects (All):

Business ethics.

Corporations.

Law.

Physical Description:

1 online resource (6 pages, digital, PDF file)

Place of Publication:

[Place of publication not identified] : [publisher not identified], 2004.

System Details:

text file

Summary:

Provides background on Corporate Owned Life Insurance (COLI), where the employer purchases a life insurance policy on a worker, often without the worker's knowledge or consent, and names the company as the beneficiary. Discusses State issues and activities regarding whether an employer has an "insurable interest" in all of its employees and whether it can purchase life insurance on its employees without notifying them or obtaining their consent. Also reviews Federal approaches to addressing alleged COLI abuses.

Notes:

Record is based on bibliographic data in ProQuest U.S. Congressional Research Digital Collection (last viewed Nov. 2010). Reuse except for individual research requires license from ProQuest, LLC.

CRS Report.

Other Format:

Microfiche version: Library of Congress. Congressional Research Service. Corporate-Owned Life Insurance (COLI)

Access Restriction:

Restricted for use by site license.