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Official Code of Georgia Annotated

Title 33. INSURANCE · Chapter 58. CHARITABLE GIFT ANNUITIES

33-58-4. Notice of annuity to Commissioner.

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

  1. (a)

    A charitable organization that issues qualified charitable gift annuities shall notify the Commissioner in writing by the date on which it enters into the organization’s first qualified charitable gift annuity agreement. The notice shall:#

    1. (1)

      Be signed by an officer or director of the organization;#

    2. (2)

      Identify the organization; and#

    3. (3)

      Certify that:#

      1. (A)

        The organization is a charitable organization; and#

      2. (B)

        The annuities issued by the organization are qualified charitable gift annuities.#

  2. (b)

    The charitable organization shall not be required to submit additional information except to determine appropriate penalties that may be applicable under Code Section 33-58-5.#

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.

History

Code 1981, § 33-58-4, enacted by Ga. L. 2000, p. 868, § 1; Ga. L. 2019, p. 533, § 1-22/HB 99. The 2019 amendment, effective July 1, 2019, deleted ‘‘later of October 1, 2000, or the’’ following ‘‘writing by the’’ in the middle of the first sentence of subsection (a).

Read the official page (the state's PDF, opened at the page this text was read from).

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, pages 1016 to 1017; merge action: carried; file SHA-256 1cdfeaa4b73e.