Hawaii Administrative Rules
Title 14 - DEPARTMENT OF HUMAN RESOURCES DEVELOPMENT
Subtitle 5 - STATE OF HAWAII CAFETERIA PLAN
Chapter 51 - PREMIUM CONVERSION PLAN
Subchapter 5 - ADMINISTRATION
Section 14-51-47 - Fiduciary responsibilities
Universal Citation: HI Admin Rules 14-51-47
Current through August, 2024
The plan administrator and delegated representative(s) shall use ordinary care and reasonable diligence in the performance of the duties hereunder, but shall not be personally liable by virtue of any contract, agreement, bond, or other instrument made or executed, unless resulting from willful misconduct. The plan administrator shall not be liable for the neglect, omission, or wrongdoing of any actuary, counsel or any person to whom any authority, powers, or duties have been delegated by the plan administrator.
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