Degree of Regulation
Colorado Revised Statutes 10-1-102(4) and 10-3-903(2)(i) provide a general exemption for charitable gift annuities from Colorado state insurance regulation.
- Years of operation – three years continuous operation
- Meets the definition and standards contained in section 501(m)(5) of the federal “Internal Revenue Code of 1986”, as amended; Qualified to receive tax deductible contributions
- Is issued or guaranteed by an organization that at all times during the three years preceding the date of the issuance of such annuity.