FLORIDA

State law provides for "Conditional Exemption" from regulation of charitable gift annuities.

Disclosure required in agreement.

Reserve is required. Reserve Fund is limited to no more than 50% in equities or equity mutual funds.

Notification to state Insurance Dept. is required using two state designed forms. Must be signed by two officers or directors.

An ANNUAL sworn statement as to adequacy of reserves is required. State may require a more detailed report. Rather than submitting your annual statement, you can submit a copy of a "sworn statement" using the form found at... www.floir.com/pdf/oir-a3-1209.pdf.

Charity must be in continuous operation for five years.

Charity must file with three (3) Florida offices:

1) File with the Florida Division of Corporations to do business in the state. Go to ... http://www.dos.state.fl.us/doc/pdf/cr2e021.pdf

2) File with Florida Agriculture Dept. to solicit funds in the State.
Go to ... http://www.doacs.state.fl.us/onestop/cs/solicit.html

3) File with Florida Insurance Dept. that organization is accepting CGA gifts from Florida residents. Go to ... http://www.floir.com/ac/is_ac_donor_annuity.htm and then go to ... http://www.floir.com/pdf/OIR-C1-1208.pdf .
The link above will take you to forms.

For clarification or more information, contact each of the above 3 Florida departments directly.

This Page Last Updated 11/11/2005.