Labels:book | reckoner | sky | tree OCR: regulators have been unable to cope with the proliferation of in. vestment vehicles sold by insurance companies apun the rubric of ""insurance. But for ERISA additional insurance company failures could undermine pension plans upon which retiree: and beneficiaries re The risk of such failures is compounded by the limited scope of state guaranty law5. The Life Insurance Guaranty Corpora- tion New Act is inapplicable to "[t]hat portion or part any policy, contract OI agreement under which the risk borne the holder thereof. N.Y. In5 Law f7703(b}(2} (Corsol 1993} Massachusetts includes similar provision ife and Heaith Insurance Guaranty Association Law. The protection that guaranty association not extended {a} any portion of policy or contract not guaranteed the insurer, under which the risk is ...
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