Individual Prohibited Transaction Exemptions: The "Common Law" - Section IV
William P. Wade & Richard I. Loebl
SUMMER 1994 Individual Prohibited l?ansaction Exemptions 261 or to a flurry of activity in an area that has previously been quiet. For example, the recent insolvency or illiquidity or both of several major insurance companies has reportedly led the Department to grant a large number of exemptions for sales by plans230 to enable the plan sponsor to shoulder the risk of nonpayment itself or to permit the plan to pay current benefits to participants. Similarly, the current downturn in the real...