2013 Wisconsin Statutes & Annotations
615. Insurance — gift annuities.
615.04 Application for certificate of authority to issue gift annuities.
615.04 Application for certificate of authority to issue gift annuities. A domestic or foreign corporation conducted without profit and engaged solely in bona fide charitable, religious, missionary, educational or philanthropic activities, which has been in active operation for at least 10 years, may apply to the commissioner for a certificate of authority to receive gifts of money or other property conditioned upon, or in return for, its agreement to pay an annuity to the donor or nominee or both. It shall include with its application any documents or information the commissioner reasonably requires.
History: 1975 c. 374, 421.
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