Statutes > Iowa Statutes > Title 13 - Commerce > Subtitle 1 - Insurance and Related Regulation > CHAPTER 508F - CHARITABLE GIFT ANNUITIES > 508F.2 - QUALIFIED CHARITABLE GIFT ANNUITY IS NOT INSURANCE.

508F.2 - QUALIFIED CHARITABLE GIFT ANNUITY IS NOT INSURANCE.

        508F.2  QUALIFIED CHARITABLE GIFT ANNUITY IS NOT      INSURANCE.         1.  The issuance of a qualified charitable gift annuity does not      constitute engaging in the business of insurance in this state.         2.  A charitable gift annuity that meets the requirements of a      qualified charitable gift annuity shall be deemed to be a qualified      charitable gift annuity for purposes of this chapter, regardless of      whether the charitable gift annuity was issued prior to July 1, 2001.      The issuance of that charitable gift annuity shall not be construed      as engaging in the business of insurance in this state.
         Section History: Recent Form
         2001 Acts, ch 28, §3