Corporate-Owned Life Insurance (COLI).
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 &...
| Corporate Authors: | , |
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| Format: | eBook |
| Language: | English |
| Published: |
[Place of publication not identified] :
[publisher not identified],
2004.
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| Series: | U.S. Congressional Research.
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| Subjects: | |
| Online Access: | Connect to the full text of this electronic book |
| 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. |
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| Item Description: | 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. Electronic resource. |
| Physical Description: | 1 online resource. |