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DOL/EBSA | RIN: 1210-AA58 | Publication ID: Fall 1997 |
Title: Limitation of Liability for Insurers and Others Under Part 4 of Title I of ERISA and Section 4975 of the Internal Revenue Code | |
Abstract: Section 1460 of the Small Business Job Protection Act of 1991 (Public Law 104-188) amended ERISA section 401 to limit the liability of insurers and others under part 4 of title I of ERISA and section 4975 of the Internal Revenue Code with regard to certain claims concerning policies or contracts issued to or for the benefit of employee benefit plans which are supported by assets in the insurers' general accounts. New subsection 401(c) specifies the timetable by which the Secretary must issue regulatory guidance concerning this provision. | |
Agency: Department of Labor(DOL) | Priority: Other Significant |
RIN Status: Previously published in the Unified Agenda | Agenda Stage of Rulemaking: Proposed Rule Stage |
Major: Undetermined | Unfunded Mandates: Undetermined |
CFR Citation: 29 CFR 2550.401(c-1) 29 CFR 2510.3-101 | |
Legal Authority: PL 104-188, Sec 1460 29 USC 1101(c)(1) 29 USC 1135 29 USC 1021 |
Legal Deadline:
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Timetable:
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Additional Information: LEGAL DEADLINE (CONT): and that the regulation shall generally not take effect until 18 months after it becomes final. | |
Regulatory Flexibility Analysis Required: Undetermined | Government Levels Affected: None |
Included in the Regulatory Plan: No | |
Agency Contact: Ivan L. Strasfeld Director, of Exemption Determinations Department of Labor Employee Benefits Security Administration Room N5649, 200 Constitution Avenue NW, FP Building, Washington, DC 20210 Phone:202 219-8194 |