TEXAS
State law provides for "Conditional Exemption" from regulation of charitable gift annuities.
Notification to state required.
Disclosure required in agreement.
100k in available unrestricted assets required.
Charity must be in continuous operation for three years.
State Contact
Lynn Hoermann
Insurance Specialist
Life/Health Division
Texas Department of Insurance
Mail Code 106-1E
P.O. Box 149104
Austin, TX 78714-9104Phone: 512-322-3560
Email: Lynn.Hoermann@tdi.state.tx.us or John.Carter@tdi.state.tx.us
This page updated April 19, 2006.
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.
Click here to see the Master Set of 6 Gift Annuity Agreements (offered by Planned Giving Resources, Inc.) that will work in all 50 states (with the addition of the "Extra Wording" state specific "disclosure language" that is now required by 30 states.) |