Regulation of Charitable Gift Annuities
Degree of Regulation:
Charitable gift annuities are exempt from regulation by the Massachusetts Insurance Code under Chapter 175, Sec. 118 of the General Laws of Massachusetts
Actions Required for Exemption:
No action is required for exemption. Organizations incorporated for any educational, charitable, benevolent or religious purpose are not deemed life insurance companies and are exempt from insurance regulation.
Disclosure and Agreement Content Requirements:
Links to State Regulations Pages: