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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.

Washington

Degree of Regulation

Issuance of charitable gift annuities is regulated under Revised Code of Washington Chapter 48.38 and Chapter 284-38 WAC In order to issue gift annuities in the state, a charity must meet the following regulatory requirements:

  • have been in continuous operation for three years
  • have $500,000 in unrestricted net assets
  • obtain a certificate of exemption from the Office of Insurance Commissioner.
  • maintain gift annuity reserves, invested in accordance with the prudent investor standard
  • submit an annual filing to the state
  • register as a charitable organization with the Washington Secretary of State (unless exempt from such registration)

Links to State Regulations

Washington Insurance Department Contact Information

For Registration and Financial Filings: 
Office of the Insurance Commissioner
Company Supervision Division
P.O. Box 40255
Olympia, WA 98504-0255
companysupervisionfilings@oic.wa.gov 
(360) 725-7200

For Form Filings:
Office of the Insurance Commissioner
Rates and Forms Division
P.O. Box 40255
Olympia, WA 98504-0255
(360) 725-7111