Section 1739.17 | Fiduciary status of trustee, officer or third-party administrator.
A trustee, officer, or third-party administrator of a multiple employer welfare arrangement operating a group self-insurance program that receives, collects, disburses, or invests money in connection with the activities of the arrangement is a fiduciary as defined in the "Employee Retirement Income Security Act of 1974," 88 Stat. 829, 29 U.S.C.A. 1001, as amended.
Available Versions of this Section
- April 9, 1993 – House Bill 689, 119th General Assembly [ View April 9, 1993 Version ]