Okla. Admin. Code § 365:25-17-4

Current through Vol. 41, No. 19, June 17, 2024

Section 365:25-17-4 - Exemptions

Unless otherwise specifically included, this regulation shall not apply to recommendations involving:

(1) Direct response solicitations where there is no recommendation based on information collected from the consumer pursuant to this regulation; or

(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;

(D) A nonqualified deferred compensation arrangement established or maintained by an employer or plan sponsor;

(E) Settlements of or assumptions of liabilities associated with personal injury litigation or any dispute or claim resolution process; or

(F) Formal prepaid funeral contracts.

Okla. Admin. Code § 365:25-17-4

Added at 22 Ok Reg 1429, eff 5-4-05 (emergency); Added at 23 Ok Reg 2738, eff 7-14-06