§ 32.029 FAILURE TO GIVE INVESTMENT DIRECTION.
   If, at any time, a participant or beneficiary fails to exercise his, her or its duty of investment direction (or an investment direction is refused), the Plan Administrator shall, to the extent of the failure of proper investment direction, cause the account or applicable sub-account(s) or segregated account to be invested as specified under a written procedure adopted by the Plan Administrator.
(Ord. NIRC 97-1, passed 1-15-1997)