What Does Prohibited Transaction Exemption Mean?

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What does Prohibited Transaction Exemption mean? Read on to discover the definition & meaning of the term Prohibited Transaction Exemption - to help you better understand the language used in insurance policies.

Prohibited Transaction Exemption

Prohibited Transaction Exemption

A ruling by the Department of Labor (DOL) based on specific facts and circumstances that a transaction is allowable under Employee Retirement Income Security Act (ERISA) regulations. Required by pure captives insuring shareholders' employee benefit risks.

We hope the you have a better understanding of the meaning of Prohibited Transaction Exemption.

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