CHAPTER 12.4. CHARITABLE GIFT ANNUITIES

IC 27-1-12.4
    Chapter 12.4. Charitable Gift Annuities

IC 27-1-12.4-1
"Internal Revenue Code" defined
    Sec. 1. As used in this chapter, "Internal Revenue Code" meansthe Internal Revenue Code of 1986, as amended and in effect onJanuary 1, 1994.
As added by P.L.131-1994, SEC.1.

IC 27-1-12.4-2
Annuities exempt from regulation
    Sec. 2. An annuity is not subject to regulation by the departmentunder IC 27 if the annuity:
        (1) is established under a transaction that, for federal incometax purposes, is treated:
            (A) in part as a charitable contribution under Section 170 ofthe Internal Revenue Code; and
            (B) in part as an investment in an annuity contract underSection 72 of the Internal Revenue Code; and
        (2) meets the requirements for exclusion from the definition of"acquisition indebtedness" under Section 514(c)(5) of theInternal Revenue Code.
As added by P.L.131-1994, SEC.1.