29 U.S.C. § 1110
Title 29
Chapter 18
Current through PL 116-220
~1 min read
Last updated: March 30, 2026
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§ 1110. Exculpatory provisions; insurance
- (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 1 So in original. This part does not contain subparts. 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 purchasing insurance to cover potential liability of one or more persons who serve in a fiduciary capacity with regard to an employee benefit plan.
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