(A) The parties intend that this plan-trust declaration is the complete and exclusive statement of the parties’ agreement and contains all understandings on this subject. This written plan-trust declaration supersedes all prior or contemporaneous agreements, understandings or any other representations concerning this subject matter. There are no other understandings between or among the parties. Everything agreed upon is fully expressed by this written plan-trust declaration.
(B) Without limiting the comprehensive effect of the above, the plan-trustee shall have no duties except as expressly stated by this plan-trust declaration, and the title or position of trustee or the fact that the plan-trustee has agreed to serve as a trustee shall not be construed to create or recognize any implied covenant or obligation.
(C) The agent has no duties except as expressly specified by the service agreement. The agent is not a fiduciary for any purpose, except to the extent provided by applicable insurance law to the extent that a processing account is an insurance producer processing account under that law.
(Ord. NIRC 97-1, passed 1-15-1997)