 |
Oklahoma Administrative Code (Last Updated: March 11, 2021) |
 |
TITLE 365. Insurance Department |
|
Chapter 25. Other Licensees |
|
Subchapter 17. Consumer Protection in Annuity Transactions Regulation |
SECTION 365:25-17-4. Exemptions
Latest version.
- 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.