Unless otherwise specifically included, the Nebraska Protection in Annuity Transactions Act does not apply to transactions involving: (1) Direct response solicitations if there is no recommendation based on information collected from the consumer pursuant to the act; or (2) Contracts used to fund: (a) An employee pension or welfare benefit plan that is covered by the federal Employee Retirement Income Security Act of 1974; (b) A plan described by section 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 section 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 section 457 of the Internal Revenue Code; (d) A nonqualified deferred compensation arrangement established or maintained by an employer or plan sponsor; (e) Settlements of or assumptions of liabilities associated with personal injury litigation or any dispute or claim resolution process; or (f) Contracts entered into pursuant to the Burial Pre-Need Sale Act.
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