No insurer which may have a contract for the purpose of this plan and pension fund shall be required to take or permit any action contrary to the provisions of said contract nor shall the insurer be required to look into the terms of this plan and pension fund or question any action as authorized by the Plan Administrator in the application for a contract or changes in an existing contract.
The insurer shall not be deemed to be a contracting party to this pension fund for any purposes nor shall it be responsible for this validity of the pension fund.
Any and all forms or other documents as required by the insurer may be executed and signed by any one Plan Administrator. When so executed, any such document shall be accepted by the insurer as conclusive evidence of any matters mentioned in this plan and pension fund, and any such insurer shall be fully protected in taking any action on the faith hereof and shall incur no liability or responsibility for doing so.