Scope of subtitle

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    This subtitle does not apply to:

        (1)    reinsurance;

        (2)    a group annuity purchased under a retirement plan or deferred compensation plan established or maintained by an employer, including a partnership or sole proprietorship, or employee organization, or by both, other than a plan that provides individual retirement accounts or individual retirement annuities under § 408 of the Internal Revenue Code;

        (3)    a premium deposit fund;

        (4)    a variable annuity;

        (5)    an investment annuity;

        (6)    an immediate annuity;

        (7)    a deferred annuity contract after annuity payments have begun;

        (8)    a reversionary annuity; or

        (9)    an annuity contract that is delivered outside the State through an insurance producer or other representative of the insurer issuing the contract.


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