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Current as of January 01, 2024 | Updated by Findlaw Staff
(a) A charitable organization that issues a qualified charitable gift annuity shall give to the donor, at the time an agreement for a qualified charitable gift annuity is entered into, written notice that the annuity is not:
(1) insurance under the laws of this state;
(2) subject to regulation by the department; and
(3) protected by a guaranty association affiliated with the department.
(b) The notice must be in a separate paragraph of the annuity agreement in a print size at least as large as the print size generally used in the agreement.
Cite this article: FindLaw.com - Texas Insurance Code - INS § 102.101. Notice to Donor - last updated January 01, 2024 | https://codes.findlaw.com/tx/insurance-code/ins-sect-102-101/
FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature before relying on it for your legal needs.
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