Learn About the Law
Get help with your legal needs
FindLaw’s Learn About the Law features thousands of informational articles to help you understand your options. And if you’re ready to hire an attorney, find one in your area who can help.
Current as of January 01, 2023 | Updated by FindLaw Staff
Unless otherwise specifically included, sections 72A.203 to 72A.2036 do not apply to annuity transactions involving:
(1) direct response marketing of group insurance as provided for in section 72A.20, subdivision 34;
(2) contracts used to fund group plans under:
(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;
(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, 1 if established or maintained by an employer;
(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; 2 or
(iv) a nonqualified deferred compensation arrangement established or maintained by an employer or plan sponsor; and
(3) contracts used to fund:
(i) settlements of or assumptions of liabilities associated with personal injury litigation or a dispute or claim resolution process; or
(ii) formal prepaid funeral contracts.
Cite this article: FindLaw.com - Minnesota Statutes Insurance (Ch. 59A-79a) § 72A.203. Exemptions - last updated January 01, 2023 | https://codes.findlaw.com/mn/insurance-ch-59a-79a/mn-st-sect-72a-203/
FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature or via Westlaw before relying on it for your legal needs.
A free source of state and federal court opinions, state laws, and the United States Code. For more information about the legal concepts addressed by these cases and statutes, visit FindLaw's Learn About the Law.
Get help with your legal needs
FindLaw’s Learn About the Law features thousands of informational articles to help you understand your options. And if you’re ready to hire an attorney, find one in your area who can help.
Search our directory by legal issue
Enter information in one or both fields (Required)