1st Circuit In Partial Reversal: Insurer Had Duty To Timely Determine Eligibility

Mealey's (October 6, 2022, 9:10 AM EDT) -- BOSTON — Partly vacating and remanding a trial court’s ruling in a dispute over excess life insurance benefits, a First Circuit U.S. Court of Appeals panel ruled that the insurer was a functional fiduciary responsible to make timely eligibility determinations, citing the discretion conferred by the Employee Retirement Income Security Act plan in question....