Exemptions

Unless otherwise specifically included, sections 38a-432a-1 to 38a-432a-8, inclusive, of the Regulations of Connecticut State Agencies shall not apply to transactions involving: (1) Direct response solicitations where there is no recommendation based on information collected from the consumer pursuant to sections 38a-432a-1 to 38a-432a-8, inclusive, of the Regulations of Connecticut State Agencies; (2) Contracts used to fund: (A) An employee pension or welfare benefit plan that is covered by the federal Employee Retirement and Income Security Act (ERISA), Public Law 93-406; (B) A plan described by the following sections of the federal Internal Revenue Code: 26 USC 401(a), 26 USC 401(k), 26 USC 403(b), 26 USC 408(k), or 26 USC 408(p), if established or maintained by an employer; (C) A governmental or church plan defined in 26 USC 414, a government or church welfare benefit plan, or a deferred compensation plan of a state or local government or tax exempt organization under 26 USC 457; or (D) A nonqualified deferred compensation arrangement established or maintained by an employer or plan sponsor; (3) Settlements of or assumptions of liabilities associated with personal injury litigation or any dispute or claim resolution process; or (4) Formal prepaid funeral contracts.