La. Admin. Code tit. 37 § XIII-11707

Current through Register Vol. 50, No. 11, November 20, 2024

Section 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) 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.

La. Admin. Code tit. 37, § XIII-11707

Promulgated by the Department of Insurance, Office of the Commissioner, LR 32:2268 (December 2006), Amended LR 45759 (6/1/2019), Amended LR 501284 (9/1/2024).

AUTHORITY NOTE: Promulgated in accordance with R.S. 22:11, 22:919, 22:1576, and the Administrative Procedure Act, R.S. 49:950 et seq.