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North Carolina

Degree of Regulation

Issuance of charitable gift annuities is regulated under General Statutes of North Carolina Section 58-3-6.

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 $100,000 in unrestricted cash, cash equivalents or publicly traded securities, exclusive of the assets contributed by the donor for the annuity agreement.
  • provide notice to the Department of Insurance

Links to State Regulations Pages

Department of Insurance Contact

Cara Shackelford Senior Policy and Rate Analyst
Life & Health Division
North Carolina Department of Insurance
1201 Mail Services Center
Raleigh, NC 27699-1201
(919) 807-6064

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