Exemptions

Exemptions Unless otherwise specifically included, this regulation shall not apply to recommendations involving: A. Direct response solicitations where there is no recommendation based on information collected from the consumer pursuant to this regulation; B. Contracts used to fund: 1. An employee pension or welfare benefit plan that is covered by the Employee Retirement and Income Security Act (ERISA); 2. 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; 3. 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; 4. A nonqualified deferred compensation arrangement established or maintained by an employer or plan sponsor; C. Settlements of or assumptions of liabilities associated with personal injury litigation or any dispute or claim resolution process; or D. Formal prepaid funeral contracts.