33-58-3. Agreement for annuity; notice.

Active

Current through: Including Acts of the 2025 Regular Session of the General Assembly.

(a)
When entering into an agreement for a qualified charitable gift annuity, the charitable organization shall disclose to the donor in writing in the annuity agreement that a qualified charitable gift annuity is not insurance under the laws of this state and is not subject to regulation by the Commissioner of Insurance or protected by an insurance guaranty association.#
(b)
The notice provisions required by this Code section must be in a separate paragraph in a print size no smaller than that employed in the annuity agreement generally.#

The notes below are printed with the section but are not enacted law (O.C.G.A. § 1-1-1(c)). They are shown apart from the text.

Code 1981, § 33-58-3, enacted by Ga. L. 2000, p. 868, § 1.

Pursuant to Code Section 28-9-5, in 2000, ‘‘Commissioner of Insurance’’ was substituted for ‘‘Insurance Commissioner’’ in subsection (a).

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Current through: Including Acts of the 2025 Regular Session of the General Assembly.

Text read from t33-ch23-65-(v25)-2020-pdf.pdf, Volume V25, 2020 edition, page 1016; merge action: carried; file SHA-256 1cdfeaa4b73e.