ARKANSAS
Charitable Gift Annuities regulated by State Code Section 23-63-201(d).
Permit issued/regulated by State Insurance Department.
Board resolution is required.Permit issued/regulated by State Insurance Department.
Annual filing is required.
Modest investment limitations.
Reserve required. Rules apply to reserves for all states.
Charity must be in continuous operation for 5 years before it can issue a gift annuity agreement.
Federal law (Public Law 104-62) also requires charity to supply a Gift Annuity Disclosure Statement to all annuitants in the Fund and to all prospective donors prior to making their first annuity gift.
CGA Information - http://insurance.arkansas.gov
State Contact
Angela David
Finance Division, Arkansas Insurance Dept.
1200 West Third Street
Little Rock AR 72201-1904Phone: (501) 683-0231
Email: Angela.Davis@arkansas.gov
This page updated October 14, 2008.
The user of this information is solely responsible for determining and verifying the accuracy of the data presented here and how it is used by the reader. This information is provided solely as a resource.
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