# Mont. Code Ann. § 33-20-803: 33-20-803 Exemptions

> Montana · Statutes · In force

URL: https://www.frixlaw.com/law-library/statutes/STATE_MT_T33_C20_P8_S33-20-803

## Section

- **Citation:** Mont. Code Ann. § 33-20-803
- **Heading:** 33-20-803 Exemptions
- **Jurisdiction:** Montana
- **Kind:** Statutes
- **Status:** In force
- **Text as of:** August 14, 2026
- **Source:** Compiled text
- **Location:** MT Code / Title 33 / Chapter 20 / Part 8 / Section 33-20-803

## Text

33-20-803 . Exemptions. Unless otherwise specifically included, this part does not apply to recommendations involving:

(1) direct response solicitations when there is no recommendation made based on information collected from the consumer pursuant to this part;

(2) contracts used to fund:

(a) an employee pension or welfare benefit plan that is covered by the Employee Retirement Income Security Act of 1974, 29 U.S.C. 1001, et seq.;

(b) a plan described by section 401(a), 401(k), 403(b), 408(k), or 408(p) of the Internal Revenue Code, 26 U.S.C. 401(a), 401(k), 403(b), 408(k), or 408(p), if established or maintained by an employer;

(c) a governmental plan or church plan defined in section 414 of the Internal Revenue Code, 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 section 457 of the Internal Revenue Code, 26 U.S.C. 457;

(d) a nonqualified deferred compensation plan 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;

(4) formal prepaid funeral contracts; or

(5) variable annuities regulated under Title 30, chapter 10.

## Nearby sections

- [Mont. Code Ann. § 33-20-801 33-20-801 Short title](https://www.frixlaw.com/law-library/statutes/STATE_MT_T33_C20_P8_S33-20-801.md)
- [Mont. Code Ann. § 33-20-802 33-20-802 Purpose -- scope](https://www.frixlaw.com/law-library/statutes/STATE_MT_T33_C20_P8_S33-20-802.md)
- [Mont. Code Ann. § 33-20-803 33-20-803 Exemptions](https://www.frixlaw.com/law-library/statutes/STATE_MT_T33_C20_P8_S33-20-803.md)
- [Mont. Code Ann. § 33-20-804 33-20-804 Definitions](https://www.frixlaw.com/law-library/statutes/STATE_MT_T33_C20_P8_S33-20-804.md)
- [Mont. Code Ann. § 33-20-805 33-20-805 Duties of insurers and producers-- best interest obligations](https://www.frixlaw.com/law-library/statutes/STATE_MT_T33_C20_P8_S33-20-805.md)
- [Mont. Code Ann. § 33-20-806 33-20-806 Compliance mitigation -- penalties -- enforcement](https://www.frixlaw.com/law-library/statutes/STATE_MT_T33_C20_P8_S33-20-806.md)
- [Mont. Code Ann. § 33-20-807 33-20-807 Producer training](https://www.frixlaw.com/law-library/statutes/STATE_MT_T33_C20_P8_S33-20-807.md)

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Source: Frix Law Library, https://www.frixlaw.com/law-library/statutes/STATE_MT_T33_C20_P8_S33-20-803. Check the current official text before relying on it. Not legal advice.