{"identifier":"/us/usc/t29/s1110","title":29,"num":"\u00a7\u202f1110.","heading":"Exculpatory provisions; insurance","text":"\u00a7\u202f1110.\nExculpatory provisions; insurance\n(a) Except as provided in sections 1105(b)(1) and 1105(d) of this title, any provision in an agreement or instrument which purports to relieve a fiduciary from responsibility or liability for any responsibility, obligation, or duty under this part shall be void as against public policy.\n(b) Nothing in this subpart\n(1) a plan from purchasing insurance for its fiduciaries or for itself to cover liability or losses occurring by reason of the act or omission of a fiduciary, if such insurance permits recourse by the insurer against the fiduciary in the case of a breach of a fiduciary obligation by such fiduciary;\n(2) a fiduciary from purchasing insurance to cover liability under this part from and for his own account; or\n(3) an employer or an employee organization from purchasing insurance to cover potential liability of one or more persons who serve in a fiduciary capacity with regard to an employee benefit plan.","url":"https://projectusc.org/usc/t29/s1110.html","content":[{"t":"sec","id":"/us/usc/t29/s1110","children":[{"t":"num","text":"\u00a7\u202f1110."},{"t":"heading","text":"Exculpatory provisions; insurance"},{"t":"subsec","id":"/us/usc/t29/s1110/a","children":[{"t":"num","text":"(a)"},{"t":"content","text":" Except as provided in sections 1105(b)(1) and 1105(d) of this title, any provision in an agreement or instrument which purports to relieve a fiduciary from responsibility or liability for any responsibility, obligation, or duty under this part shall be void as against public policy.","tail":"\n"}],"tail":"\n"},{"t":"subsec","id":"/us/usc/t29/s1110/b","children":[{"t":"num","text":"(b)"},{"t":"chapeau","text":" Nothing in this subpart\u202f","children":[{"t":"ref","text":"1"},{"t":"num","text":"1","tail":"\u202fSo in original. This part does not contain subparts."},{"t":"text","text":"\u202fSo in original. This part does not contain subparts.","tail":" shall preclude\u2014"}]},{"t":"para","id":"/us/usc/t29/s1110/b/1","children":[{"t":"num","text":"(1)"},{"t":"content","text":" a plan from purchasing insurance for its fiduciaries or for itself to cover liability or losses occurring by reason of the act or omission of a fiduciary, if such insurance permits recourse by the insurer against the fiduciary in the case of a breach of a fiduciary obligation by such fiduciary;","tail":"\n"}],"tail":"\n"},{"t":"para","id":"/us/usc/t29/s1110/b/2","children":[{"t":"num","text":"(2)"},{"t":"content","text":" a fiduciary from purchasing insurance to cover liability under this part from and for his own account; or","tail":"\n"}],"tail":"\n"},{"t":"para","id":"/us/usc/t29/s1110/b/3","children":[{"t":"num","text":"(3)"},{"t":"content","text":" an employer or an employee organization from purchasing insurance to cover potential liability of one or more persons who serve in a fiduciary capacity with regard to an employee benefit plan.","tail":"\n"}],"tail":"\n"}],"tail":"\n"},{"t":"text","text":"\n"}]}]}