Labels:book | reckoner | sky | tree OCR: insurance industry that ERISA general fiduciary responsibility provisions should You apply to insurance general account assets The proposed PAR wa5 more far-reaching than IB 75. because it gover ned not only prohibited transactions but al50 the issuc of what constitutes a plan asset pue thus who is fiduciary under ERISA 51 Fed. Reg 41262 (No. 219 Nov 13 1986) The 1979 proposal would have given the insurance substantial relief. but was withdrawn by the DOL 1985 and no similar provision has since been promul lgated by the DOL. Proposed Regulation Relating to the Definition Plan Assets, 50 Fed. Reg. 961 (1985) In early 1985 Hancock and three other insurance companies obviously concerned labout the Pearia dei- sion submitted their comments on the DOI'S new PAR proposal. requesting that the DOL ...
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