Labels:book | reckoner | sky | tree OCR: Mansell t Mansell, 06F U.S 581, F69 1989 The insurance industry claims that the plain language of 5401{b){2} should be ignored or distorted beyond recognition because the enforcement t0 the statute drafted by Congress would Weak havoc on the EM insurance companies do businers. The record however, ts devoid FO anv evidence of such dire con sequences Moreover, no effort has been made by the industry the DOL Hancock to use existing practices and procedures to harmonize the requirenents of ERISA with the way insurance companies tanptios their business. The need for federal protec- tion of plan assets invested in insurance companies clear and the statute reflects deoision bv Congres to afford such tion pension plans and beneficiaries, despite anv resulting disruption at insurance company practi ...
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