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If NITC is the trustee, who has responsibility for accepting accounts, setting fees and determining insurance due diligence policy, etc.?

April 26, 2017accepting accounts determining diligence fees Insurance nitc responsibility setting Trustee

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If NITC is the trustee, who has responsibility for accepting accounts, setting fees and determining insurance due diligence policy, etc.?

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NITC provides broad guidance for appropriate policies and procedures in running its trust business. Utilizing NITC’s established parameters, Citadel submits ILIT accounts, fees schedules, and life insurance due diligence for approval at regularly scheduled weekly and monthly committee meetings.