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

1. (1) Direct response solicitations where there is no recommendation based on information collected from the consumer pursuant to this regulation;

2. (2) Contracts used to fund:

   1. (A) An employee pension or welfare benefit plan that is covered by the Employee Retirement and Income Security Act (ERISA);
   2. (B) A plan described by Sections 401(a), 401(k), 403(b), 408(k) or 408(p) of the Internal Revenue Code (IRC), as amended, if established or maintained by an employer;
   3. (C) A government or church plan defined in Section 414 of the IRC, 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 IRC; or
   4. (D) A nonqualified deferred compensation arrangement established or maintained by an employer or plan sponsor.
3. (3) Settlements of or assumptions of liabilities associated with personal injury litigation or any dispute or claim resolution process; or
4. (4) Formal prepaid funeral contracts.

Added at 22 Ok Reg 1429, eff 5-4-05 (emergency)

Added at 23 Ok Reg 2738, eff 7-14-06

Amended at 40 Ok Reg 1628, eff 9-1-23