State Codes and Statutes

Statutes > Connecticut > Title38a > Chap706a > Sec38a-1031

      Sec. 38a-1031. Issuance of charitable gift annuity does not constitute engaging in the business of insurance. (a) The issuance of a qualified charitable gift annuity shall not constitute engaging in the business of insurance in this state.

      (b) A charitable gift annuity issued before October 1, 1999, is a qualified charitable gift annuity for the purposes of sections 38a-1030 to 38a-1034, inclusive, and the issuance of that charitable gift annuity shall not constitute engaging in the business of insurance in this state.

      (P.A. 99-52, S. 2.)