In General. This chapter applies to any sale or recommendation of an annuity. Exceptions. Unless otherwise specifically included, this chapter does not apply to transactions involving: Direct response solicitations if there is no recommendation based on information collected from the consumer pursuant to this regulation; Contracts used to fund: An employee pension or welfare benefit plan that is covered by the Employee Retirement and Income Security Act; 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; 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 A nonqualified deferred compensation arrangement established or maintained by an employer or plan sponsor; Settlements of or assumptions of liabilities associated with personal injury litigation or any dispute or claim resolution process; or Formal prepaid funeral contracts.