A Special, Interactive, Client Only Session – Developing a Reg 9 Review System for Life Insurance
Michael Brohawn CFP®, CLU®, Chief Marketing Officer, ITM TwentyFirst and ITM TwentyFirst Staff
As required by OCC regulation 12 CFR 9.6(c), banks that handle fiduciary accounts are required to annually conduct a review of those assets “to evaluate whether they are appropriate, individually and collectively, for the account.” These so-called “Reg 9” reviews are a cumbersome process for assets in general and life insurance in particular. Most Trust Owned Life Insurance (TOLI) Trustees struggle with putting a process in place to cost efficiently review life insurance and adhere to the rule and the spirit of the law. This session will focus on the requirements of the regulation and introduce a new proprietary system currently being developed for ITM TwentyFirst clients. Registration will be limited to clients of ITM TwentyFirst and attendance will be limited as well as this will be an interactive session asking for your input. This is a session for those looking for a better way to deal with Reg 9 reviews.
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