Current through Register Vol. 50, No. 9, September 20, 2024
Section XIII-11707 - ExemptionsA. 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; ord. 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.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.