North Dakota § 26.1-34.2-01 Exemptions

North Dakota Statutes

§ 26.1-34.2-01 — Exemptions

North Dakota § 26.1-34.2-01

Title 26.1Insurance

Ch. 26.1-34.2Annuity Transaction Practices

This text of North Dakota § 26.1-34.2-01 (Exemptions) is published on Counsel Stack Legal Research, covering North Dakota primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

N.D. Cent. Code § 26.1-34.2-01 (2026).

Text

Unless otherwise specifically included, this chapter does not apply to recommendations involving:

1.Direct response solicitations if there is no recommendation based on information collected from the consumer pursuant to this chapter; and

2.Contracts used to fund:

a.An employee pension or welfare benefit plan that is covered by the Employee Retirement and Income Security Act;

b.A plan described by section 401(a), 401(k), 403(b), 408(k), or 408(p) of the Internal Revenue Code, as amended, if established or maintained by an employer;

c.A government or church plan defined in section 414 of the Internal Revenue Code, 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 Internal Reven

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Unless otherwise specifically included, this chapter does not apply to recommendations
involving:
1. Direct response solicitations if there is no recommendation based on information
collected from the consumer pursuant to this chapter; and
2. Contracts used to fund:
a. An employee pension or welfare benefit plan that is covered by the Employee
Retirement and Income Security Act;
b. A plan described by section 401(a), 401(k), 403(b), 408(k), or 408(p) of the
Internal Revenue Code, as amended, if established or maintained by an
employer;
c. A government or church plan defined in section 414 of the Internal Revenue
Code, 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 Internal Revenue Code;
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 a dispute or claim resolution process; or
f. Formal prepaid funeral contracts.