What Does Failure To Fund In Accordance With ERISA Exclusion Mean?

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What does Failure To Fund In Accordance With ERISA Exclusion mean? Read on to discover the definition & meaning of the term Failure To Fund In Accordance With ERISA Exclusion - to help you better understand the language used in insurance policies.

Failure To Fund In Accordance With ERISA Exclusion

Failure To Fund In Accordance With ERISA Exclusion

A standard exclusion in fiduciary liability policies that precludes coverage for claims alleging failure to fund in accordance with the guidelines prescribed by the Employee Retirement Income Security Act (ERISA). The rationale for the exclusion is that it is contrary to public policy to provide insurance coverage for intentional violations of federal law. However, most fiduciary liability policies do provide defense coverage when such allegations are made.

We hope the you have a better understanding of the meaning of Failure To Fund In Accordance With ERISA Exclusion.

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