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OCR: Congress was aware of United Benefit and its progeny analysis when ERISA wa5 enacted and intended to incorporate this ht using the term insurance policy 10 contract i1 the defini. tion of guaranteed benefit policy. See 67 U.S.C. s1l01{b}(2){B} The Interpretation of 5401 Proffered Hancock and Amici Violates Basic Canons Statutory Construction The interpretation of s40l{b}{2] advanced by Hancock and amici violates basic canons of statutory construction. First. their construction contravenes the precept that courts should avoid an interpretation statute "render[s] any part of superfluous and dox not live effect to all of the words used by Congress. Beister Cammissioner 814 F2d 1304, 1307 {9th Cir 1987); SeE Meloy Conoco Inc. 817 F.2d 275. 279 (5th Cir. 1987} The interpret ation proffered by H ...