12/31/2002: Split-Dollar Policies Getting Closer Look; More Legislation to Be Proposed (Wall Street Journal via DelawareOnline.com)Excerpt: "[T]he life insurance industry is fighting to protect the benefit amid greater scrutiny and regulation. The Sarbanes-Oxley Act, set to take effect in late January, bans corporate loans to executives, putting into limbo many split-dollar arrangements, which are essentially loans. Industry lobbyists are seeking to reverse the effect of the act by introducing a technical correction, among other moves, in the coming session of Congress."
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