首页>
外国专利>
System for designing and implementing bank owned life insurance (BOLI) with a reinsurance option
System for designing and implementing bank owned life insurance (BOLI) with a reinsurance option
展开▼
机译:用于设计和实施带有再保险选项的银行拥有人寿保险(BOLI)的系统
展开▼
页面导航
摘要
著录项
相似文献
摘要
The present invention involves a computer software and hardware system which smoothly integrates the following functions into an integrated computer-based system for designing and administering a BOLI plan for national banks under current federal and state guidelines and financial market constraints. The systems includes determining the highest BOLI premium permitted under OCC Banking Circular 9651, determining insurable interest requirements by accessing a database with the appropriate state's insurable interest guidelines, generating performance estimates for the BOLI plan and allocating premium amount by business unit and employee. The system also ensures that the BOLI plan is in compliance with the regulatory requirements for the business unit. In addition, the system reinsures the BOLI plan through a captive insurance company of the financial organization, obtaining policy values for the captive insurance company. Other aspects of the system include verifying, reconciling, consolidating and reporting policy values for the financial organization, and performing administrative procedures for the BOLI plan of the financial organization.
展开▼