- Current IRS Discount Rates for June 2013
- Rates Effective January 1, 2012 To Remain the Same as of 4/15/13
- ACGA's Statement Regarding the House’s Tax Reform Bill
- American Council on Gift Annuities and the Partnership for Philanthropic Planning Respond to Recent Securities and Exchange Commission Fraud Case Involving CGAs
- Conrad Teitell Speaks to the Committee on Ways and Means on Behalf of ACGA
While every effort is made to provide accurate data, neither any persons named in these pages nor the American Council on Gift Annuities guarantees the accuracy of the data presented here.
The user of this information is solely responsible for determining and verifying the accuracy of the data presented here and how it is used by the reader. This information is provided solely as a resource.
This information is supplied by the ACGA State Regulations Committee.
Articles
Maine
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Regulation of Charitable Gift Annuities
Degree of Regulation:
Charitable gift annuities issued by qualified organizations are not subject to regulation under Maine Insurance Code, under Title 24-A, Section 3 of the Maine Revised Statutes.
- Organization exempt from federal income tax
- Years of operation - five years (or be a successor to a qualifying organization such that the combined operating years of the two organizations is at least five years)
- Incorporated in Maine or qualified foreign corporation
- Registration w/ other state agency - foreign corporation must file with Secretary of State.
Actions Required for Exemption:
None
Disclosure and Agreement Content Requirements:
None
Reserve Requirements:
None
Annual Reporting:
None
Compliance/Enforcement:
None
Links to State Regulations Pages:
State Statute Link
