{"data":{"id":"us-dc/d.c.-code-1-743","jurisdiction":"us-dc","citation":"D.C. Code § 1-743","heading":"Exculpatory provisions; insurance.","body":"(a)\nAny provision in an agreement or instrument which purports to relieve a fiduciary from responsibility or liability for any responsibility, obligation, or duty under this subchapter shall be void as against public policy.\n\n(b)\nNothing in this section shall preclude:\n(1)\nThe Board from purchasing insurance for its fiduciaries or for itself to cover liability or losses occurring by reason of the act or omission of a fiduciary, if such insurance permits recourse by the insurer against the fiduciary in the case of a breach of a fiduciary obligation by such fiduciary;\n(2)\nA fiduciary from purchasing insurance to cover liability under this subchapter from and for his own account; or\n(3)\nAn employee organization from purchasing insurance to cover potential liability of one or more persons who serve in a fiduciary capacity with regard to the Fund from which the annuities and other retirement and disability benefits of the members of such employee organization are paid.","path":["Title 1. Government Organization.","Chapter 7. District of Columbia Employees Retirement Program Management.","Subchapter V. Fiduciary Responsibility; Civil Sanctions."],"source_url":"https://code.dccouncil.gov/us/dc/council/code/sections/1-743","current_through":"2026-08-20 (D.C. Law 26-175)","vintage":"","retrieved_at":"2026-08-29T05:44:07Z","sha256":"c93a95e121deed5c8bb0087e4e62d2c2d842831bf22c1c541625db6c29c2ed21","source_id":"us-dc","stale":false,"prev":"us-dc/d.c.-code-1-742","next":"us-dc/d.c.-code-1-744"},"notice":"GroundRules: Original legal text. Not legal advice."}