There is a newer version of the New Hampshire Revised Statutes
2016 New Hampshire Revised Statutes
Title XXXVII - INSURANCE
Chapter 403-E - CHARITABLE GIFT ANNUITIES EXEMPTION
Section 403-E:4 - Failure to Comply.
NH Rev Stat § 403-E:4 (2016) What's This?
403-E:4 Failure to Comply. –
The failure of a charitable organization to comply with the requirements imposed under RSA 403-E:3 of this chapter shall not prevent a charitable gift annuity that otherwise meets the requirements of this chapter from constituting a qualified charitable gift annuity. The director shall enforce performance of RSA 403-E:3 by sending a letter by certified mail, return receipt requested, demanding that the charitable organization comply with the requirements of RSA 403-E:3. The director may fine the charitable organization in an amount not to exceed $1,000 per qualified charitable gift annuity agreement issued until such time as the charitable organization complies with RSA 403-E:3.
Source. 1999, 68:1, eff. May 28, 1999.
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