33-20-702. Charitable gift annuity not insurance.
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/mt/title-33/chapter-20/part-7/33-20-702·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
33-20-702 . Charitable gift annuity not insurance.
(1)The issuance of a qualified charitable gift annuity does not constitute engaging in the business of insurance in this state.
(2)A charitable gift annuity issued before April 24, 2003, is a qualified charitable gift annuity for purposes of this part, and the issuance of that charitable gift annuity does not constitute engaging in the business of insurance in this state.