Concerns Regarding ERISA Preemption: Response to Opinion 91-06A
- Identifier:
- CAC_CC_017_3_170_8_0002
- Contributing Institution:
- Carl Albert Congressional Research and Studies Center, University of Oklahoma, Norman, OK
- Title:
- Concerns Regarding ERISA Preemption: Response to Opinion 91-06A
- Date Created:
- 1975-01-01
- EDTF:
- 1975-01-01
- Creator:
- unknown
- Rights:
- http://rightsstatements.org/vocab/NKC/1.0/
- Language:
- eng
- Record Type:
- correspondence
- Collection:
- Glenn Lee English, Jr. Collection
- Collection Finding Aid:
- https://arc.libraryhost.com/repositories/3/resources/55
- Description:
- The Oklahoma Insurance Department has received concerning information about the financial status of Diversified Industrial Group, an ERISA exempt product being sold to Oklahoma citizens. The Department of Labor issued an opinion removing regulation of union-sponsored plans from the Oklahoma Insurance Department's jurisdiction. The Trust is dangerously insolvent, with a high ratio of claims to assets. The Insurance Department is asking for assistance from Congressman Glenn English to control the situation and prevent harm to citizens. They have also requested immediate action from the Department of Labor to regulate the bankrupt plan and ensure unpaid claims do not harm Oklahoma citizens.
- Topic:
- Land use--Planning, Banks and banking--United States
- Congress:
- 94th (1975-1977)
- Physical Location:
- CAC_CC_17_3_0000, Box 170, Folder 8, University of Oklahoma, Carl Albert Center Archives, Norman, OK, Standard Shelving
- Location Represented:
- United States (nation), Oklahoma (state)
- Type:
- Text
- Extent:
- 3 Pages
