NAIC Draft Laws
The NAIC has adopted two models to regulate CGAs. Model #240, the Charitable Annuities Model Act, contains a detailed licensing scheme for CGAs. Model #241, the Charitable Gift Annuities Exemption Model Act, calls for a simplified registration mechanism.
Draft Legislation: (CGA laws proposed)
1) Charitable Gift Annuities Model Act
2) Draft of "Exemption Legislation"
For additional information
and to discuss the Model Act and Exemption Legislation, talk with the
professionals at PGResources for new insights and additional up-to-date
information. Call James Hohn at 732 927 1747 or send an email to
james@pgresources.com.