# N.D. Cent. Code § 26.1-34.2-01: 26.1-34.2-01. Exemptions

> North Dakota · Statutes · In force

URL: https://www.frixlaw.com/law-library/statutes/STATE_ND_T26.1_C26.1-34.2_S26.1-34.2-01

## Section

- **Citation:** N.D. Cent. Code § 26.1-34.2-01
- **Heading:** 26.1-34.2-01. Exemptions
- **Jurisdiction:** North Dakota
- **Kind:** Statutes
- **Status:** In force
- **Text as of:** August 14, 2026
- **Source:** Compiled text
- **Location:** ND Code / Title 26.1 / Chapter 26.1-34.2 / Section 26.1-34.2-01

## Text

26.1-34.2-01. Exemptions

Unless otherwise specifically included, this chapter does not apply to recommendations

involving:

1. Direct response solicitations if there is no recommendation based on information

collected from the consumer pursuant to this chapter; and

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 section 401(a), 401(k), 403(b), 408(k), or 408(p) of the

Internal Revenue Code, as amended, 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 a dispute or claim resolution process; or

f. Formal prepaid funeral contracts.

## Nearby sections

- [N.D. Cent. Code § 26.1-34.2-01 26.1-34.2-01. Exemptions](https://www.frixlaw.com/law-library/statutes/STATE_ND_T26.1_C26.1-34.2_S26.1-34.2-01.md)
- [N.D. Cent. Code § 26.1-34.2-01.1 26.1-34.2-01.1. Scope](https://www.frixlaw.com/law-library/statutes/STATE_ND_T26.1_C26.1-34.2_S26.1-34.2-01.1.md)
- [N.D. Cent. Code § 26.1-34.2-02 26.1-34.2-02. Definitions](https://www.frixlaw.com/law-library/statutes/STATE_ND_T26.1_C26.1-34.2_S26.1-34.2-02.md)
- [N.D. Cent. Code § 26.1-34.2-03 26.1-34.2-03. Duties of insurers and insurance producers](https://www.frixlaw.com/law-library/statutes/STATE_ND_T26.1_C26.1-34.2_S26.1-34.2-03.md)
- [N.D. Cent. Code § 26.1-34.2-03.1 26.1-34.2-03.1. Producer training](https://www.frixlaw.com/law-library/statutes/STATE_ND_T26.1_C26.1-34.2_S26.1-34.2-03.1.md)
- [N.D. Cent. Code § 26.1-34.2-04 26.1-34.2-04. Compliance mitigation - Enforceability - Penalty](https://www.frixlaw.com/law-library/statutes/STATE_ND_T26.1_C26.1-34.2_S26.1-34.2-04.md)
- [N.D. Cent. Code § 26.1-34.2-05 26.1-34.2-05. Recordkeeping](https://www.frixlaw.com/law-library/statutes/STATE_ND_T26.1_C26.1-34.2_S26.1-34.2-05.md)

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Source: Frix Law Library, https://www.frixlaw.com/law-library/statutes/STATE_ND_T26.1_C26.1-34.2_S26.1-34.2-01. Check the current official text before relying on it. Not legal advice.