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Text of Proposed Exemption on Funding Employee Benefits Through Captive Insurance Company
Employee Benefits Security Administration [EBSA], U.S. Department of Labor [DOL] 
[Official Guidance] Mar. 26, 2003
March 3, 2003. Excerpt: If the exemption is granted, the restrictions of section 406(a) and (b) of [ERISA] shall not apply to the reinsurance of risks and the receipt of premiums therefrom by Agrinational Insurance Company ... in connection with insurance contracts sold by Minnesota Life Insurance Company ... to provide basic and supplemental life insurance benefits to participants in [Archer Daniels Midland Company]'s programs to provide such benefits to its employees ...
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