Employers Contingent Insurance Coverage

Definition of "Employers contingent insurance coverage"

Rogel Prieto
  Signature Realty Associate

Liability coverage mandated by the employee retirement income security act OF 1974 (erisa) under which employers are required to purchase insurance to cover their contingent liability for unfunded employee pension benefits in the event a pension plan is terminated. This requirement is enforced by the pension benefit guaranty corporation (PBGC).

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