Congress Enacted Three Clauses Relating to the Preemptive Effect of the Employee

question 30

Multiple Choice

Congress enacted three clauses relating to the preemptive effect of the Employee Retirement Income Security Act of 1974 (ERISA) . One of these clauses preserves from ERISA preemption any state law that regulates insurance, banking, or securities, with the exception of the exemption for self-funded employee benefit plans. This clause is called the

• A) Savings clause
• B) Preemption clause
• C) Deemer clause
• D) De novo clause

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