Illinois Ban On Discretionary Clauses Not Preempted By ERISA, Federal Judge Rules

Illinois Ban On Discretionary Clauses Not Preempted By ERISA, Federal Judge Rules

CHICAGO - Employee Retirement Income Security Act (ERISA), 29 U.S.C.S. § 1001 et seq. does not preempt an Illinois regulation prohibiting discretionary clauses in insurance contracts, a federal judge in Illinois ruled Nov. 29, concluding that the ...read more