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Nevada

Degree of Regulation

Issuance of charitable gift annuities is regulated under Nevada Revised Statutes, Sections 688A.281 through 688A.285.

In order to issue gift annuities in the state, a charity must meet the following regulatory requirements:

  • have been in continuous operation for at least three years (or be the successor or affiliate of an organization in operation for that period of time)
  • have at least $300,000 in unrestricted cash, cash equivalents or publicly traded securities, not counting the assets transferred for the annuity gift
  • provide notice to the Division of Insurance
  • not pay compensation that is contingent upon the issuance of the annuity or based upon the value of the annuity, other than a payment for reinsurance to an insurer licensed to issue insurance in Nevada (the definition of a qualified gift annuity specifically excludes an annuity for which a commission is paid)

Links to State Regulations Pages

State Contact

** As of February 26, 2016, filings are only being accepted via email.
Nanci Hoffman
Phone# 775-687-0737
E-mail nhoffman@doi.nv.gov

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