FEDERAL · 29 U.S.C. · Chapter SUBCHAPTER I—PROTECTION OF EMPLOYEE BENEFIT RIGHTS
Exculpatory provisions; insurance
29 U.S.C. § 1110
Title29 — Labor
SubtitleB
ChapterSUBCHAPTER I—PROTECTION OF EMPLOYEE BENEFIT RIGHTS
Partpart 4—fiduciary responsibility
This text of 29 U.S.C. § 1110 (Exculpatory provisions; insurance) is published on Counsel Stack Legal Research, covering United States primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.
Bluebook
29 U.S.C. § 1110.
Text
(a)Except as provided in sections 1105(b)(1) and 1105(d) of this title, 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 part shall be void as against public policy.
(b)Nothing in this subpart 1 shall preclude—
(1)a plan 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 part from and for his own account; or
(3)an employer or an employee organization from purchas
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Source Credit
History
(Pub. L. 93–406, title I, §410, Sept. 2, 1974, 88 Stat. 886.)
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Bluebook (online)
29 U.S.C. § 1110, Counsel Stack Legal Research, https://law.counselstack.com/usc/29/1110.