LAC 37:XIII.11707. Exemptions

A. Unless otherwise specifically included, this regulation shall not apply to transactions involving: 1. direct response solicitations where there is no recommendation based on information collected from the consumer pursuant to this regulation; 2. contracts used to fund: a. an employee pension or welfare benefit plan that is covered by the Employee Retirement and Income Security Act (ERISA); b. a plan described by Sections 401(a), 401(k), 403(b), 408(k) or 408(p) of the Internal Revenue Code (IRC), as amended, if established or maintained by an employer; c. a government or church plan defined in Section 414 of the IRC, a government or church welfare benefit plan, or a deferred compensation plan of a state or local government or tax-exempt organization under Section 457 of the IRC; 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.