What is the Definition of Employee Retirement Income Security Act?

What is the Definition of Employee Retirement Income Security Act?

Federal legislation that protects employees by establishing minimum standards for private pension and welfare plans.

Source: Insurance Handbook A guide to insurance: what it does and how it works | https://www.iii.org/

Label: Insurance
Theme: Dictionary of Insurance Terms

Other Questions: What is the definition of Annuity?

What is the Definition of Employee Retirement Income Security Act?

What is the Definition of Employee Retirement Income Security Act?

You can find random definition and meaning of insurance terms below:


Meaning of Time Limit On Certain Defenses Provision in Insurance Terms

An individual health insurance policy provision that limits the time during which the insurer may contest the validity of the contract on the ground of misrepresentation in the application or may reduce or deny a claim on the ground it results from a preexisting condition. (See Incontestability provision).


Meaning of Tort Law in Insurance Terms

The body of law governing negligence, intentional interference, and other wrongful acts for which civil action can be brought, except for breach of contract, which is covered by contract law.


Meaning of Tort Reform in Insurance Terms

Refers to legislation designed to reduce liability costs through limits on various kinds of damages and through modification of liability rules.


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