Bank Owned Life Insurance (BOLI) Policy
This Bank Owned Life Insurance Policy is intended to adhere to federal regulatory guidelines regarding the purchase of and risk management for bank-owned life insurance (BOLI) to ensure that risk management processes are consistent with safe and sound banking practices. In general, management has the responsibility to provide effective oversight of BOLI, including both a thorough pre-purchase analysis of risks and rewards and post purchase risk assessment.
Table of Contents
- Purpose and Contents – Topic 1
- Policy Statement – Topic 2
- Definitions – Topic 3
- Regulatory Applicability – Topic 4
- Program Overview – Topic 5
- Risk Management – Topic 6
- Accounting Considerations – Topic 7
- Risk Based Capital Treatment – Topic 8
- Audit Policy – Topic
- Staff Training – Topic 10
- Retention of Documentation – Topic 11
This policy template (approximately 21 pages) is available to purchase from BankPolicies.com in Microsoft® Word format.
Product Update Protection Plan
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