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.
Degree of Regulation
Issuance of charitable gift annuities is regulated under New Mexico Statutes Annotated, Section 59A-1-16.1.
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 a fund balance (assets in excess of liabilities) of at least $300,000, or unencumbered assets in its gift annuity fund (not counting reserves) of at least $300,000
- provide notice to the Insurance Division
Links to State Regulations Pages
Public regulation Commission Contact
New Mexico Public Regulation Commission
Life and Health Bureau
Policy Form and Rate Filing Section
P.O. Box 1269
Santa Fe, NM 87504-1269