2009 Iowa Code
Title 13 - Commerce
Subtitle 1 - Insurance and Related Regulation
CHAPTER 508F - CHARITABLE GIFT ANNUITIES
508F.5 - FAILURE TO COMPLY WITH REQUIREMENTS.

        508F.5  FAILURE TO COMPLY WITH REQUIREMENTS.
         1.  The failure of a charitable organization to comply with the
      requirements of sections 508F.3 and 508F.4 does not prevent a
      charitable gift annuity that otherwise meets the requirements of this
      chapter from constituting a qualified charitable gift annuity.
         2.  The commissioner shall enforce performance of the requirements
      of sections 508F.3 and 508F.4.  The commissioner may do any of the
      following:
         a.  Send a letter by restricted certified mail to the
      charitable organization demanding that the charitable organization
      comply with this chapter.
         b.  Establish and impose civil penalties on the charitable
      organization in an amount not to exceed one thousand dollars for each
      qualified charitable gift annuity issued until the charitable
      organization complies with the requirements of this chapter.  

         2001 Acts, ch 28, §6
         Referred to in § 508F.4