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Bill to Limit COLI Policies Introduced in House
Business Insurance; 
May 13, 2005
Excerpt: Bipartisan legislation introduced in the House on Wednesday would limit newly issued corporate-owned life insurance policies to top executives and highly compensated employees. Under the measure, H.R. 2251, coverage under COLI policies would be limited to corporate directors and highly compensated employees-those earning at least $90,000 a year or who are in the top 35% by compensation.
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