Maryland Insurance Section 16-501

      This subtitle does not apply to:

            (1)      reinsurance;

            (2)      a group annuity purchased under a retirement plan or deferred compensation plan established or maintained by an employer, including a partnership or sole proprietorship, or employee organization, or by both, other than a plan that provides individual retirement accounts or individual retirement annuities under § 408 of the Internal Revenue Code;

            (3)      a premium deposit fund;

            (4)      a variable annuity;

            (5)      an investment annuity;

            (6)      an immediate annuity;

            (7)      a deferred annuity contract after annuity payments have begun;

            (8)      a reversionary annuity; or

            (9)      an annuity contract that is delivered outside the State through an insurance producer or other representative of the insurer issuing the contract.