{"data":{"id":"us-la/rs-11-264.8","jurisdiction":"us-la","citation":"RS 11:264.8","heading":"System policy regarding breach of fiduciary duty","body":"No retirement system may submit a proposed regulation, or approve any internal policy to relieve a fiduciary from responsibility for breach of fiduciary duty. However, a system may purchase insurance to cover liability or losses due to acts or omissions of fiduciaries. Any such insurance shall maintain the insurance company's right of subrogation. A fiduciary may purchase insurance to cover his own liability, without condition.","path":["TITLE 11. CONSOLIDATED PUBLIC RETIREMENT"],"source_url":"https://www.legis.la.gov/legis/Law.aspx?d=75169","current_through":"2025 First Extraordinary Session","vintage":"","retrieved_at":"2026-09-14T04:50:14Z","sha256":"f071bacda9661f5a0e8e63c6e5a1650ab74a3a98a78b31c64aa64debd7a7b78c","source_id":"us-la","stale":false,"prev":"us-la/rs-11-264.7","next":"us-la/rs-11-265"},"notice":"GroundRules: Original legal text. Not legal advice."}