The TOLI Center serves a quality control policy acceptance function that allows a trustee to document an informed product suitability decision and to demonstrate its risk-based evaluation expertise by third-party delegation. TTC reports offer actuarially certified premium adequacy and policy performance evaluation.

The OCC provides the following guidance concerning the care, skill, and caution expected of a professional fiduciary in a accepting a trust and trust assets:

9.6(a) Pre-Acceptance Review “Before accepting a fiduciary account, a national bank shall review a prospective account to determine whether it can properly administer the account. The bank must determine whether it has the expertise and systems to properly manage the account and whether the account meets the bank’s risk and profitability standards….”

9.6(b) Initial Post-Acceptance Review “The bank shall conduct a prompt review of all assets of the account to evaluate whether they are appropriate for the account.”