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Maine

Degree of Regulation

Charitable gift annuities issued by qualified organizations are not subject to regulation under Maine Insurance Code, under Title 24-A, Section 3 of the Maine Revised Statutes.

  • Organization exempt from federal income tax
  • Years of operation - five years (or be a successor to a qualifying organization such that the combined operating years of the two organizations is at least five years)
  • Incorporated in Maine or qualified foreign corporation
  • Registration w/ other state agency - foreign corporation must file with Secretary of State.

Links to State Regulations Pages

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