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Washington

Degree of Regulation

Issuance of charitable gift annuities is regulated under Revised Code of Washington Chapter 48.38 and Chapter 284-38 WAC In order to issue gift annuities in the state, a charity must meet the following regulatory requirements:

  • have been in continuous operation for three years
  • have $500,000 in unrestricted net assets
  • obtain a certificate of exemption from the Office of Insurance Commissioner.
  • maintain gift annuity reserves, invested in accordance with the prudent investor standard
  • submit an annual filing to the state
  • register as a charitable organization with the Washington Secretary of State (unless exempt from such registration)

Links to State Regulations

Washington Insurance Department Contact Information

For Registration: Nina Slocum or Susan Baker (Company Licensing Specialists)
Office of the Insurance Commissioner
P.O. Box 40259
Olympia, WA 98504-0259
Nina Slocum (360) 725-7193 or Susan Baker (360) 725-7232 
NinaS@oic.wa.gov or SusanB@oic.wa.gov

For Financial Filings: Steve Drutz (Senior Financial Analyst) 
Office of the Insurance Commissioner
P.O. Box 40259
Olympia, WA 98504-0259
(360) 725-7205
Companysupervisionfilings@oic.wa.gov

For Form Filings: Scott Henderson (Senior Insurance Policy and Compliance Analyst)
Office of the Insurance Commissioner
P.O. Box 40259
Olympia, WA 98504-0259
(360) 725-7125
scotth@oic.wa.gov

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