Section 230-RICR-20-25-1.4 - ExemptionsA. Unless otherwise specifically included, this Part 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 Part;2. Contracts used to fund:a. An employee pension or welfare benefit plan that is covered by the Employee Retirement Income Security Act (ERISA), Pub. Law 93-406, as amended;b. A plan described by the Internal Revenue Code (IRC), 26 U.S.C. §§ 401(a), 401(k), 403(b), 408(k) or 408(p), as amended, if established or maintained by an employer;c. A government or church plan defined in §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 §457 of the IRC;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; or4. Formal prepaid funeral contracts.230 R.I. Code R. 230-RICR-20-25-1.4
Amended effective 4/2/2021