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