First, Chapter 16, Uses of Insurance, was updated to reflect how the Pension Protection Act of 2006 added rules for employer-owned life insurance contracts and modified the rules applicable to tax-free exchange of insurance contracts. Second, Chapter 16A, Liability and Casualty Insurance, was modified and now discusses that state law governs not only insurance but also professional corporation requirements with respect to insurance. Changes to state laws are noted, including the state law requirement of disclosure by attorneys when malpractice insurance is not carried. Third, Chapter 17, Incorporator’s Checklist; List of Tax and Other Forms, has been modified to reflect that the tax forms and returns required to be filed by individuals and professional corporations have been updated to reflect current filing requirements. Finally, Chapter 19, Growth of Professional Corporations; Problems of Particular Professions, has been modified indicating that the Department of Labor, Bureau of Labor Statistics revised its statistics to show current compensation for different categories of professionals.