FINAL SPLIT DOLLAR REGS

Charles Ratner of Ernst & Young reports: Well, now we have them. On Sept. 11, the Treasury Department and Internal Revenue Service issued the final split dollar regulations. If these regs look familiar, it's because they're a virtual composite of the two sets of proposed regulations put forth in 2002 and 2003. Pending a closer inspection of what the government has wrought, here's a quick look at what