Connecticut Administrative Code
Title 38a - Insurance Department
432a - Suitability in Annuity Transactions
Section 38a-432a-3 - Exemptions
Universal Citation: CT Reg of State Agencies 38a-432a-3
Current through March 14, 2024
Unless otherwise specifically included, sections 38a-432a-1 to 38a-432a-8, inclusive, of the Regulations of Connecticut State Agencies shall not apply to transactions involving:
(1) Direct response solicitations where there is no recommendation based on information collected from the consumer pursuant to sections 38a-432a-1 to 38a-432a-8, inclusive, of the Regulations of Connecticut State Agencies;
(2) Contracts used to fund:
(A) An employee pension or welfare benefit
plan that is covered by the federal Employee Retirement and Income Security Act
(ERISA), Public Law 93-406;
(B) A
plan described by the following sections of the federal Internal Revenue Code:
26 USC
401(a),
26
USC 401(k),
26 USC
403(b),
26
USC 408(k), or
26 USC
408(p), if established or
maintained by an employer;
(C) A
governmental or church plan defined in
26 USC
414, a government or church welfare benefit
plan, or a deferred compensation plan of a state or local government or tax
exempt organization under
26
USC 457; or
(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; or
(4) Formal prepaid funeral contracts.
Disclaimer: These regulations may not be the most recent version. Connecticut may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
This site is protected by reCAPTCHA and the Google
Privacy Policy and
Terms of Service apply.
