This bill specifies requirements for the application of the Employee Retirement Income Security Act of 1974 (ERISA) to general account policies that receive contributions from employee benefit plans. A "general account policy" is an insurance policy or contract to the extent that the policy or contract allocates amounts to the insurer's general account including any surplus in a separate account but excluding any other portion of a separate account.
Introduced in House
Introduced in House
Referred to the House Committee on Education and the Workforce.
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