508F.3 - ANNUITY AGREEMENT -- NOTICE TO DONOR.
508F.3 ANNUITY AGREEMENT -- NOTICE TO DONOR. An agreement for a qualified charitable gift annuity executed by a charitable organization and a donor shall be in writing. The annuity agreement shall include a notice stating that a qualified charitable gift annuity is not insurance under the laws of this state and is not subject to regulation by the commissioner or protected by an insurance guaranty fund or an insurance guaranty association. The notice required by this section shall be in a separate paragraph and in a type size no smaller than that generally used in the annuity agreement.
Section History: Recent Form 2001 Acts, ch 28, §4 Referred to in § 508F.5