Labels:book | reckoner | sky OCR: all life, health, emplovee benefit and other contractholders whose contract are supported by such assets. As the Third Circuit recently noted: These state -irmposed duties do not mesh easily with ERISAS requirernent that plan assets be managed "sole- ly in the interest" of plan customers. Whenever an in- surance company acts "solely in the interest" of a pen- sion plan custorner, would violate state law. Whenever an insurance company takes actions to en- sure that under state law, it is treating its policyholders fairly and equitably it rus the risk of violating ERISA's fiduciary requirements Mack Boring 930 F.2d at 275 n.17. If ERISA's fiduciary rules are made applicable to General Account operatioris, funda amental insurance company policies and practi ices that are sanctioned not mandat ...
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