Regulation of Charitable Gift Annuities
Degree of Regulation:
Colorado Revised Statutes 10-1-102(4) and 10-3-903(2)(i) provide a general exemption for charitable gift annuities from Colorado state insurance regulation.
- Years of operation – three years continuous operation
- Qualified to receive tax deductible contributions
Actions Required for Exemption:
A charity is authorized to issue gift annuities after meeting the above mentioned requirements.
Disclosure and Agreement Content Requirements:
Annuity agreements must include the following specified disclosure language:
“This annuity is not issued by an insurance company nor regulated by the Colorado Division of Insurance and is not protected by any state guaranty fund or protective association.”
Links to State Regulations Pages: