{"data":{"id":"us-va/14vac5-45-30","jurisdiction":"us-va","citation":"14VAC5-45-30","heading":"Exemptions","body":"Unless otherwise specifically included, this chapter shall not apply to transactions involving:\n\n1. Direct response solicitations where there is no recommendation based on information collected from the consumer pursuant to this chapter.\n\n2. Contracts used to fund:\n\na. An employee pension or welfare benefit plan that is covered by the Employee Retirement Income Security Act of 1974 (29 USC § 1001 et seq.);\n\nb. 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;\n\nc. 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\n\nd. A nonqualified deferred compensation arrangement established or maintained by an employer or plan sponsor;\n\n3. Settlements of or assumptions of liabilities associated with personal injury litigation or any dispute or claim resolution process; or\n\n4. Preneed funeral contracts as defined in § 54.1-2800 of the Code of Virginia.","path":["Title 14. Insurance","Agency 5. State Corporation Commission, Bureau of Insurance","Chapter 45. Rules Governing Suitability in Annuity Transactions"],"source_url":"https://law.lis.virginia.gov/admincode/title14/agency5/chapter45/section30/","current_through":"2026 Regular Session (effective July 1, 2026)","vintage":"","retrieved_at":"2026-09-14T04:51:48Z","sha256":"cccbb7bfb8af0a88b4ec15086e57e14211ea5df8b11274b873619139c330efc4","source_id":"us-va-vac","stale":false,"prev":"us-va/14vac5-45-20","next":"us-va/14vac5-45-40"},"notice":"GroundRules: Original legal text. Not legal advice."}