Degree of Regulation

Issuance of charitable gift annuities is regulated under Maryland Insurance Code Sec. 16-114

  • In-state activity - charity must provide proof of activity in the state for 10 years
  • Reserve fund - segregated reserve fund required; prudent investor rule

Links to State Regulations Pages

Insurance Department Contact Information

Devin Rhoad
Supervisor, Life, Credit and Annuity
Maryland Insurance Administration
Life and Health Section
200 St. Paul Place, Suite 2700
Baltimore, MD 21202-2004
Phone: (410) 468-2170