{"data":{"id":"us-mn/minn.-stat.-72a.203","jurisdiction":"us-mn","citation":"Minn. Stat. § 72A.203","heading":"EXEMPTIONS.","body":"Unless otherwise specifically included, sections 72A.203 to 72A.2036 do not apply to annuity transactions involving:\n(1) direct response marketing of group insurance as provided for in section 72A.20, subdivision 34;\n(2) contracts used to fund group plans under:\n(i) an employee pension or welfare benefit plan that is covered by the Employee Retirement and Income Security Act of 1974 (ERISA), United States Code, title 29, sections 1001 to 1461;\n(ii) a plan described by section 401(a), 401(k), 403(b), 408(k), or 408(p) of the Internal Revenue Code of 1986, as amended, if established or maintained by an employer;\n(iii) a government or church plan defined in section 414 of the Internal Revenue Code of 1986, as amended, 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 of 1986, as amended; or\n(iv) a nonqualified deferred compensation arrangement established or maintained by an employer or plan sponsor; and\n(3) contracts used to fund:\n(i) settlements of or assumptions of liabilities associated with personal injury litigation or a dispute or claim resolution process; or\n(ii) formal prepaid funeral contracts.","path":["INSURANCE","CHAPTER 72A. INSURANCE INDUSTRY TRADE PRACTICES","REGULATION OF TRADE PRACTICES"],"source_url":"https://www.revisor.mn.gov/statutes/cite/72A.203","current_through":"2025 Minnesota Statutes","vintage":"","retrieved_at":"2026-09-02T22:10:29Z","sha256":"a193758dfa3dbb57fde673f9a837fc3fa30c9655bb048021203030186cce0c42","source_id":"us-mn","stale":false,"prev":"us-mn/minn.-stat.-72a.202","next":"us-mn/minn.-stat.-72a.2031"},"notice":"GroundRules: Original legal text. Not legal advice."}