District of Columbia Statutes
§ 1-743 — Exculpatory provisions; insurance.
District of Columbia·Title 1 Government Organization.·Ch. 7 District of Columbia Employees Retirement Program Management.·Subch. V Fiduciary Responsibility; Civil Sanctions.
(a)Any provision in an agreement or instrument which purports to relieve a fiduciary from responsibility or liability for any responsibility, obligation, or duty under this subchapter shall be void as against public policy.
(b)Nothing in this section shall preclude:
(1)The Board from purchasing insurance for its fiduciaries or for itself to cover liability or losses occurring by reason of the act or omission of a fiduciary, if such insurance permits recourse by the insurer against the fiduciary in the case of a breach of a fiduciary obligation by such fiduciary;
(2)A fiduciary from purchasing insurance to cover liability under this subchapter from and for his own account; or
(3)An employee organization from purchasing insurance to cover potential liability of one or more per
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Legislative History
Nov. 17, 1979, 93 Stat. 866, Pub. L. 96-122, § 183
Nearby Sections
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Election of electors.§ 1-1001.02
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Board of Elections — Duties.§ 1-1001.05a
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Post-election audits.