# COMAR 31.09.12.02: COMAR 31.09.12.02. Scope

> Maryland · Regulations · In force

URL: https://www.frixlaw.com/law-library/statutes/STATE_MD_COMAR_31_09_12_02

## Section

- **Citation:** COMAR 31.09.12.02
- **Heading:** COMAR 31.09.12.02. Scope
- **Jurisdiction:** Maryland
- **Kind:** Regulations
- **Status:** In force
- **Text as of:** August 14, 2026
- **Source:** Compiled text
- **Location:** Code of Maryland Regulations / Title 31 MARYLAND INSURANCE ADMINISTRATION / Subtitle 09 LIFE INSURANCE AND ANNUITIES / Chapter 12 Suitability in Annuity Transactions / COMAR 31.09.12.02

## Text

A. In General. This chapter applies to any sale or recommendation of an annuity.
B. Exceptions. Unless otherwise specifically included, this chapter does not apply to transactions involving:
(1) Direct response solicitations if there is no recommendation based on information collected from the consumer pursuant to this regulation;
(2) Contracts used to fund:
(a) An employee pension or welfare benefit plan that is covered by the Employee Retirement and Income Security Act;
(b) A plan described by 26 U.S.C. §§401(a), 401(k), 403(b), 408(k), or 408(p) if established or maintained by an employer;
(c) A government or church plan defined in 26 U.S.C. §414, a government or church welfare benefit plan, or a deferred compensation plan of a state or local government or tax-exempt organization under 26 U.S.C. §457; or
(d) A nonqualified deferred compensation arrangement established or maintained by an employer or plan sponsor;
(3) Settlements of or assumptions of liabilities associated with personal injury litigation or any dispute or claim resolution process; or
(4) Formal prepaid funeral contracts.

## Nearby sections

- [COMAR 31.09.12.01 COMAR 31.09.12.01. Purpose](https://www.frixlaw.com/law-library/statutes/STATE_MD_COMAR_31_09_12_01.md)
- [COMAR 31.09.12.02 COMAR 31.09.12.02. Scope](https://www.frixlaw.com/law-library/statutes/STATE_MD_COMAR_31_09_12_02.md)
- [COMAR 31.09.12.03 COMAR 31.09.12.03. Definitions](https://www.frixlaw.com/law-library/statutes/STATE_MD_COMAR_31_09_12_03.md)
- [COMAR 31.09.12.04 COMAR 31.09.12.04. Best Interest Obligations](https://www.frixlaw.com/law-library/statutes/STATE_MD_COMAR_31_09_12_04.md)
- [COMAR 31.09.12.05 COMAR 31.09.12.05. Supervision System](https://www.frixlaw.com/law-library/statutes/STATE_MD_COMAR_31_09_12_05.md)
- [COMAR 31.09.12.06 COMAR 31.09.12.06. Prohibited Practices](https://www.frixlaw.com/law-library/statutes/STATE_MD_COMAR_31_09_12_06.md)
- [COMAR 31.09.12.07 COMAR 31.09.12.07. Safe Harbor](https://www.frixlaw.com/law-library/statutes/STATE_MD_COMAR_31_09_12_07.md)
- [COMAR 31.09.12.08 COMAR 31.09.12.08. Producer Training](https://www.frixlaw.com/law-library/statutes/STATE_MD_COMAR_31_09_12_08.md)
- [COMAR 31.09.12.09 COMAR 31.09.12.09. Compliance and Penalties](https://www.frixlaw.com/law-library/statutes/STATE_MD_COMAR_31_09_12_09.md)
- [COMAR 31.09.12.10 COMAR 31.09.12.10. Record Keeping](https://www.frixlaw.com/law-library/statutes/STATE_MD_COMAR_31_09_12_10.md)
- [COMAR 31.09.12.11 COMAR 31.09.12.11. Producer Disclosure for Annuities Form](https://www.frixlaw.com/law-library/statutes/STATE_MD_COMAR_31_09_12_11.md)
- [COMAR 31.09.12.12 COMAR 31.09.12.12. Consumer Refusal to Provide Information Form](https://www.frixlaw.com/law-library/statutes/STATE_MD_COMAR_31_09_12_12.md)
- [COMAR 31.09.12.13 COMAR 31.09.12.13. Consumer Decision to Purchase Annuity Not Based on Recommendation Form](https://www.frixlaw.com/law-library/statutes/STATE_MD_COMAR_31_09_12_13.md)

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Source: Frix Law Library, https://www.frixlaw.com/law-library/statutes/STATE_MD_COMAR_31_09_12_02. Check the current official text before relying on it. Not legal advice.