The Act amends the Code by granting to publicly owned corporations an insurable interest in their directors, officers, and employees, permitting employers to deduct as business expenses premiums paid for employees' term life insurance.
"INSURANCE Life Insurance: Grant to Publicly Owned Corporations an Insurable Interest in Employees,"
Georgia State University Law Review: Vol. 5
, Article 13.
Available at: http://readingroom.law.gsu.edu/gsulr/vol5/iss1/13