Opinion ID: 771861
Heading Depth: 3
Heading Rank: 1

Heading: Preemption under ERISA

Text: 54 ERISA's preemption clause provides in relevant part that Except as provided in subsection (b) of this section, the provisions of this subchapter and subchapter III of this chapter shall supersede any and all State laws insofar as they may now or hereafter relate to any employee benefit plan .... 29 U.S.C. § 1144(a). ERISA's savings clause qualifies the preemption clause when it states that nothing in this subchapter shall be construed to exempt or relieve any person from any law of any State which regulates insurance, banking, or securities. 29 U.S.C. § 1144(b)(2)(A). However, ERISA's deemer clause, which provides as follows, may override the savings clause for purposes of preemption under ERISA's. 55 Neither an employee benefit plan . . . nor any trust established under such plan, shall be deemed to be an insurance company or other insurer, bank, trust company or investment company or to be engaged in the business of insurance or banking for purposes of any law of any State purporting to regulate insurance companies, insurance contracts, banks, trust companies, or investment companies. 56 29 U.S.C. § 1144(b)(2)(B). 57