29 CFR § 2580.412-32 - Conditions of exemption.

---
identifier: "/us/cfr/t29/s2580.412-32"
source: "ecfr"
legal_status: "authoritative_unofficial"
title: "29 CFR § 2580.412-32 - Conditions of exemption."
title_number: 29
title_name: "Labor"
section_number: "2580.412-32"
section_name: "Conditions of exemption."
chapter_name: "EMPLOYEE BENEFITS SECURITY ADMINISTRATION, DEPARTMENT OF LABOR"
subchapter_number: "I"
subchapter_name: "TEMPORARY BONDING RULES UNDER THE EMPLOYEE RETIREMENT INCOME SECURITY ACT OF 1974"
part_number: "2580"
part_name: "TEMPORARY BONDING RULES"
positive_law: false
currency: "2026-03-24"
last_updated: "2026-03-24"
format_version: "1.1.0"
generator: "[email protected]"
authority: "Sec. 505, Pub. L. 93-406, 88 Stat. 894 (29 U.S.C. 1135); sec. 412(e), Pub. L. 93-406, 88 Stat. 889 (29 U.S.C. 1112)."
regulatory_source: "28 FR 14403, Dec. 27, 1963, unless otherwise noted. Redesignated at 50 FR 26706, June 28, 1985."
cfr_part: "2580"
---


# 2580.412-32 Conditions of exemption.

This exemption applies only to those insurance carriers, service or other similar organizations providing or underwriting welfare or pension plan benefits in accordance with State law.

[34 FR 5158, Mar. 13, 1969. Redesignated at 50 FR 26706, June 28, 1985]