An employer must conclude the contract set forth in any of the following items with regard to the reserve fund to be allocated to benefits (hereinafter referred to as the "reserve fund") pursuant to the provisions of Cabinet Order:
事業主は、政令で定めるところにより、給付に充てるべき積立金（以下「積立金」という。）について、次の各号のいずれかに掲げる契約を締結しなければならない。
a trust contract specifying the investment method concluded with a trust company (limited to one licensed as referred to in Article 3 or Article 53, paragraph (1) of the Trust Business Act (Act No. 154 of 2004); the same applies hereinafter), a financial institution engaged in trust business, or a corporate pension fund;
信託会社（信託業法（平成十六年法律第百五十四号）第三条又は第五十三条第一項の免許を受けたものに限る。以下同じ。）、信託業務を営む金融機関又は企業年金基金を相手方とする運用の方法を特定する信託の契約
a life insurance contract concluded with a life insurance company (meaning the life insurance company prescribed in Article 2 of the Insurance Business Act (Act No. 105 of 1995) and the foreign life insurance company, etc. prescribed in paragraph (8) of that Article; the same applies hereinafter);
生命保険会社（保険業法（平成七年法律第百五号）第二条第三項に規定する生命保険会社及び同条第八項に規定する外国生命保険会社等をいう。以下同じ。）を相手方とする生命保険の契約
a mutual aid life insurance contract concluded with a federation of agricultural cooperatives (limited to one whose district is the entire nation and which conducts mutual aid life insurance business under the category of business referred to in Article 10, paragraph (1), item (x) of the Agricultural Cooperatives Act (Act No. 132 of 1947)); or
農業協同組合連合会（全国を地区とし、農業協同組合法（昭和二十二年法律第百三十二号）第十条第一項第十号の事業のうち生命共済の事業を行うものに限る。）を相手方とする生命共済の契約
a non-life insurance contract concluded with a non-life insurance company (meaning the non-life insurance company prescribed in Article 2, paragraph (4) of the Insurance Business Act and the foreign non-life insurance company, etc. prescribed in paragraph (9) of that Article; the same applies hereinafter).
損害保険会社（保険業法第二条第四項に規定する損害保険会社及び同条第九項に規定する外国損害保険会社等をいう。以下同じ。）を相手方とする損害保険の契約
The persons prescribed in the items of the preceding paragraph must not refuse to conclude the contracts set forth respectively in those items (hereinafter referred to as "asset management contracts"), unless there are legitimate grounds therefor.
If an asset management institution cases to be available, the employer must decide on another person that is to be the counterparty of an asset management contract, and conclude an asset management contract with that person.
When an asset management contract has been canceled, the asset management institution pertaining to the canceled asset management contract must promptly transfer the reserve fund pertaining to the asset management contract to the asset management institution specified by the employer.
Beyond what is provided for in the preceding paragraphs, Cabinet Order prescribes the necessary matters in connection with asset management contracts.
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