14 Va. Admin. Code § 5-45-30 - Exemptions

Current through Register Vol. 38, No. 9, December 20, 2021

Unless otherwise specifically included, this chapter shall not apply to transactions involving:

1. Direct response solicitations where there is no recommendation based on information collected from the consumer pursuant to this chapter.
2. Contracts used to fund:
a. An employee pension or welfare benefit plan that is covered by the Employee Retirement Income Security Act of 1974 (29 USC § 1001 et seq.);
b. A plan described by 26 USC § 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 26 USC § 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 26 USC § 457 of the Internal Revenue Code; 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. Preneed funeral contracts as defined in § 54.1-2800 of the Code of Virginia.


14 Va. Admin. Code § 5-45-30
Derived from Virginia Register Volume 23, Issue 9, eff. April 1, 2007; Amended, Virginia Register Volume 33, Issue 15, eff. 4/1/2017; Amended, Virginia Register Volume 37, Issue 23, eff. 9/1/2021.

Statutory Authority: §§ 12.1-13 and 38.2-223 of the Code of Virginia.

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