§ 26-16-402 — Applicability of article

(a) This article does not apply to any:
(i) Reinsurance;
(ii) Group annuity purchased under a retirement plan
or plan of deferred compensation established or maintained by an
employer, an employee organization, or both, other than a plan
providing individual retirement accounts or annuities under
Section 408 of the Internal Revenue Code;
(iii) Premium deposit fund;
(iv) Variable annuity;
(v) Investment annuity;
(vi) Immediate annuity;
(vii) Deferred annuity contract after annuity
payments have commenced;
(viii) Reversionary annuity; or
(ix) Contract which is delivered outside this state
through an agent or other representative of the company issuing
the contract.