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NOTE: 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.

State Regulations

California

Degree of Regulation

Issuance of gift annuities is regulated under California Insurance Code Sections 11520-11524.

  • Years of operation – 10 years active operation
  • Gift annuity-specific registration – submit detailed application
  • Reserve fund/investment restrictions – segregated reserve fund required; investment restrictions
  • Board resolution – required
  • Annual and Quarterly reporting - required

Links to State Regulations Pages

Insurance Department Contact Information

Gayle Freidson, Attorney III
California Department of Insurance
45 Fremont Street, 24th Floor
San Francisco, CA 94105
Phone: 415) 538-4418
Phone: (800) 967-9331
Fax: (415) 904-5729
E-mail: Gayle.Freidson@insurance.ca.gov

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