2018 Mississippi Code
Title 79 - Corporations, Associations, and Partnerships
Chapter 11 - Nonprofit, Nonshare Corporations and Religious Societies
Charitable Gift Annuities
§ 79-11-653. Charitable gift annuity is not insurance.

Universal Citation: MS Code § 79-11-653 (2018)
  • (1) The issuance of a qualified charitable gift annuity does not constitute engaging in the business of insurance in this state.

  • (2) A charitable gift annuity issued before July 1, 2001, is a qualified charitable gift annuity for purposes of Sections 79-11-651 through 79-11-661, and the issuance of that charitable gift annuity does not constitute engaging in the business of insurance in this state.

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