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 section 38a-432a-1 to 38a-432a-8, inclusive, of the Regulations of Connecticut State Agencies, or (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; (D) a nonqualified deferred compensation arrangement established or maintained by an employer or plan sponsor; (E) settlements of or assumptions of liabilities associated with personal injury litigation or any dispute or claim resolution process; or (F) formal prepaid funeral contracts.