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New Mexico

Degree of Regulation

Issuance of charitable gift annuities is regulated under New Mexico Statutes Annotated, Section 59A-1-16.1.

In order to issue gift annuities in the state, a charity must meet the following regulatory requirements:

  • have been in continuous operation for at least three years (or be the successor or affiliate of an organization in operation for that period of time)
  • have  a fund balance (assets in excess of liabilities) of at least $300,000, or unencumbered assets in its gift annuity fund (not counting reserves) of at least $300,000
  • provide notice to the Insurance Division

Links to State Regulations Pages

Public regulation Commission Contact

Christine Baca
Bureau Chief
New Mexico Public Regulation Commission
Insurance Division
Life and Health Bureau
Policy Form and Rate Filing Section
P.O. Box 1269
Santa Fe, NM 87504-1269
(505) 827-4241

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