O.C.G.A.
O.C.G.A.

O.C.G.A. § 33-58-3 (2019)

Agreement for annuity; notice

✓ O.C.G.A.: 2019 edition (Public.Resource.Org Release 73)
Code text and O.C.G.A. statutory annotations on this page reflect the 2019 Official Code of Georgia Annotated (Public.Resource.Org Release 73, 2019-08-21; public domain per Georgia v. Public.Resource.Org, 2020). The Syfert case-law annotations in Notes of Decisions, below, are current.
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(a) When entering into an agreement for a qualified charitable gift annuity, the charitable organization shall disclose to the donor in writing in the annuity agreement that a qualified charitable gift annuity is not insurance under the laws of this state and is not subject to regulation by the Commissioner of Insurance or protected by an insurance guaranty association.

(b) The notice provisions required by this Code section must be in a separate paragraph in a print size no smaller than that employed in the annuity agreement generally.

History

Code 1981, § 33-58-3, enacted by Ga. L. 2000, p. 868, § 1.

Annotations

Code Commission notes. - Pursuant to Code Section 28-9-5, in 2000, ‘‘Commis-

sioner of Insurance’’ was substituted for ‘‘Insurance Commissioner’’ in subsection (a).