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DOL/EBSA RIN: 1210-AA58 Publication ID: Fall 1996 
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) specified the timetable by which the Secretary must issue regulatory guidance concerning this provision. 
Agency: Department of Labor(DOL)  Priority: Other Significant 
RIN Status: First time published in the Unified Agenda Agenda Stage of Rulemaking: Proposed Rule Stage 
Major: Undetermined  Unfunded Mandates: Undetermined 
CFR Citation: 29 CFR 2550.401(c)    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:
Action Source Description Date
Other  Statutory  The public comment period must close on September 30, 1997. The statute also specifies that June 30, 1997 is the latest date as to which the regulation shall take effect (Cont in Add'l Info)  09/30/1997 
Final  Statutory  The public comment period must close on September 30, 1997. The statute also specifies that June 30, 1997 is the latest date as to which the regulation shall take effect (Cont in Add'l Info)  12/30/1997 
NPRM  Statutory    06/30/1997 
Timetable:
Action Date FR Cite
NPRM  06/00/1997    
NPRM Comment Period End  09/00/1997    
Additional Information: LEGAL DEADLINE (CONT): and that the regulation shall 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