Dan Posted April 5, 1999 Posted April 5, 1999 A client is due to renew their ERISA bond. The insurance agent called to ask whether the bond could be subject to a deductible. I have never been asked this question before now. My initial thought was no, a deductible is not acceptable. It almost seems that a deductible would defeat the purpose of the bond, at least in some small way. But, I have been unable to find any guidance on this question. Any insights or thoughts would be appreciated. ------------------ Dan Smith
Lynn Campbell Posted November 1, 2002 Posted November 1, 2002 I thought a deductible in an ERISA Bond was prohibited, but now I cannot find the citation for that... Can anyone help? Thanks!
Kirk Maldonado Posted November 1, 2002 Posted November 1, 2002 The bonding requirements are found in ERISA Section 412. Kirk Maldonado
Recommended Posts
Create an account or sign in to comment
You need to be a member in order to leave a comment
Create an account
Sign up for a new account in our community. It's easy!
Register a new accountSign in
Already have an account? Sign in here.
Sign In Now