ï Bank-Owned Life Insurance (BOLI) is a special type of life insurance where the Bank is the owner and beneficiary of the policy. ï BOLI is an asset of the Bank and is normally funded with a single payment.
By-law. From Wikipedia, the free encyclopedia. (Redirected from Bylaw). A by-law (sometimes also spelled bylaw, by law or bye-law) is a rule or law established by an organization or community to regulate itself, as allowed or provided for by some higher authority.
The Difference Between Bylaws & Policy. When a company incorporates, there are two main parts of the incorporation paperwork: the articles of incorporation and the bylaws. When a board of directors or top management of a company or organization meets to make decisions, they set policy. Function of Bylaws.