Nebraska § 44-8104 Act; exemptions

Nebraska Statutes

§ 44-8104 — Act; exemptions

Nebraska·Ch. 44 Insurance

Unless otherwise specifically included, the Nebraska Protection in Annuity Transactions Act does not apply to transactions involving:

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

(2)Contracts used to fund:

(a)An employee pension or welfare benefit plan that is covered by the federal Employee Retirement Income Security Act of 1974;

(b)A plan described by section 401(a), 401(k), 403(b), 408(k), or 408(p) of the Internal Revenue Code 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

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Unless
otherwise specifically included, the Nebraska Protection in Annuity Transactions
Act does not apply to transactions involving:
(1) Direct response solicitations if there is no recommendation based
on information collected from the consumer pursuant to the act; or
(2) Contracts used to fund:
(a) An employee pension or welfare benefit plan that is covered by the
federal Employee Retirement Income Security Act of 1974;
(b) A plan described by section 401(a), 401(k), 403(b), 408(k), or 408(p)
of the Internal Revenue Code 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 any dispute or claim resolution process; or
(f) Contracts entered into pursuant to the Burial Pre-Need Sale Act.