No Responsibility for Act of Insurer. Neither the Employer, the Plan Administrator nor the Trustee shall be responsible for any of the following, nor shall they be liable for instituting action in connection with: (a) The validity of policies or policy provisions; (b) Failure or refusal by the Insurer to provide benefits under a policy; (c) An act by a person which may render a policy invalid or unenforceable; or (d) Inability to perform or delay in performing an act, which inability or delay is occasioned by a provision of a policy or a restriction imposed by the Insurer.
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Samples: Defined Contribution Plan and Trust (Capstone Pharmacy Services Inc), Trust Agreement (Southwest Community Bancorp), Adoption Agreement (Jones Medical Industries Inc /De/)
No Responsibility for Act of Insurer. Neither the Employer, the Plan Administrator nor Administrator, or the Trustee shall be responsible for any of the following, nor shall they be liable for instituting action in connection with:
(a) The validity of policies or policy provisions;
(b) Failure or refusal by the Insurer to provide benefits under a policy;
(c) An act by a person which may render a policy invalid or unenforceable; or
(d) Inability to perform or delay in performing an act, which inability or delay is occasioned by a provision of a policy or a restriction imposed by the Insurer.
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