Restoration Of Plan
Authority of the pension benefit guaranty corporation (pbgc) to stop the termination of a pension plan and restore it to its previous status by returning a portion or all of the plan's assets and liabilities. For example, such an action could be taken by the PBGC when a company whose pension plan is being terminated has experienced a reversal in the adverse conditions that originally caused the termination.
Popular Insurance Terms
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The term proprietary insurer may seem like a tongue-twister and a mind-twister in itself. It kind of is. But what is the definition of a proprietary insurer? A proprietary insurer is a ...
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