44-8104. Act; exemptions.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.Source Laws 2006, LB ptions 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.Source Laws 2006, LB 875, § 16; Laws 2007, LB117, § 29; Laws 2012, LB887, § 24. Cross References Burial Pre-Need Sale Act, see section 12-1101.
Nebraska Legal Code