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.
Maryland Legal Code