§ 58-60-160. Exemptions.
§ 58‑60‑160. Exemptions.
Unless otherwise specificallyincluded, this Part does not apply to recommendations involving any of thefollowing:
(1) Direct responsesolicitations where there is no recommendation based on information collectedfrom the consumer pursuant to this Part.
(2) Contracts used tofund any of the following:
a. An employee pensionor welfare benefit plan that is covered by the Employee Retirement and IncomeSecurity Act (ERISA).
b. A plan described bysection 401(a), 401(k), 403(b), 408(k), or 408(p) of the Internal Revenue Codeif established or maintained by an employer.
c. A government orchurch plan defined in section 414 of the Internal Revenue Code, a governmentor church welfare benefit plan, or a deferred compensation plan of a state orlocal government or tax‑exempt organization under section 457 of theInternal Revenue Code.
d. A nonqualifieddeferred compensation arrangement established or maintained by an employer orplan sponsor.
e. Settlements of orassumptions of liabilities associated with personal injury litigation or anydispute or claim resolution process.
f. Formal prepaidfuneral contracts. (2007‑298,s. 1.1.)