Degree of Regulation
Charitable Gift Annuities are exempt from insurance regulation under Mississippi Code Sections 79-11-651 through 79-11-661.
- Years of operation - three years of continuous operation (or be the successor or affiliate of an organization in operation for that period of time)
- Minimum assets - $300,000 in unrestricted cash, cash equivalents or publicly traded securities, exclusive of the assets funding the gift annuity agreement.
- Be registered for charitable solicitation with the Mississippi Secretary of State (unless exempt from such registration).
Links to State Regulations Pages
Insurance Department Contact Information
Assistant Secretary of State for Charities
Mississippi Secretary of State
P.O. Box 136
Jackson, MS 39205