Featured Jobs
|
Relationship Manager - Defined Contributions Daybright Financial
|
|
MAP Retirement
|
|
Defined Contribution Account Manager Nova 401(k) Associates
|
|
Retirement Plan Onboarding Specialist Compass
|
|
DWC - The 401(k) Experts
|
|
PPS Pension Services
|
|
Frank Pension Consultants, Ltd.
|
|
DWC - The 401(k) Experts
|
Free Newsletters
“BenefitsLink continues to be the most valuable resource we have at the firm.”
-- An attorney subscriber
|
|
|
|
Fourth Circuit Finds Language in Disability Policy Does Not Grant Insurance Company Discretion (PDF)
U.S. Court of Appeals for the Fourth Circuit
[Opinion] Oct. 1, 2002 Excerpt: [W]e must determine whether the following language in the plan grants [Reliance Standard Life Insurance Company] discretion to determine Gallagher's eligibility for benefits: 'We will pay a Monthly Benefit if the Insured ... submits satisfactory proof of Total Disability to us.' ... We conclude that the language of the Plan does not grant Reliance discretionary authority.... Some of our sister circuits [have reached the opposite] conclusion. [RelianceNext Hit Standard Life Insurance Company, No. 01-2467 (4th Cir. Oct. 24, 2002)] MORE >> |
| Please click here to report this link if it is broken (for example, if you see a "404 File Not Found" error message after you click on the linked news item's title). |
| An important word about authorship: BenefitsLink® created this link to the news item, but we are not the news item's author (unless expressly shown above). |