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Fundamentals of Risk and Insurance Briefly describe the special requirements that apply to a top-heavy plan. Why were these requirements enacted? Briefly outline the provisions

Fundamentals of Risk and Insurance

Briefly describe the special requirements that apply to a top-heavy plan. Why were these requirements enacted?

Briefly outline the provisions of the tax code relating to the deductibility of premiums and taxation of policy proceeds in key-person life insurance.

In what way(s) does the PBGC protect (a) employees and (b) employers?

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