Arizona Laws 20-1243.02
Unless otherwise specifically included, this article does not apply to recommendations involving:
Terms Used In Arizona Laws 20-1243.02
- Liabilities: The aggregate of all debts and other legal obligations of a particular person or legal entity.
- Litigation: A case, controversy, or lawsuit. Participants (plaintiffs and defendants) in lawsuits are called litigants.
- Process: means a citation, writ or summons issued in the course of judicial proceedings. See Arizona Laws 1-215
- United States: includes the District of Columbia and the territories. See Arizona Laws 1-215
1. Direct response solicitations if there is no recommendation based on information collected from the consumer pursuant to this article.
2. Contracts used to fund any of the following:
(a) An employee pension or welfare benefit plan that is covered by the employee retirement and income security act of 1974 (P.L. 93-406; 88 Stat. 829; 29 United States Code §§ 1001 through 1461).
(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 as 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.
(f) Formal prepaid funeral contracts.