Montana Statutes

§ 33-20-702 — Charitable Gift Annuity Not Insurance

Montana·Title 33 INSURANCE AND INSURANCE COMPANIES·Ch. 20 LIFE INSURANCE·Part 7 Charitable Gift Annuities

33-20-702 . Charitable gift annuity not insurance.

(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 April 24, 2003, is a qualified charitable gift annuity for purposes of this part, and the issuance of that charitable gift annuity does not constitute engaging in the business of insurance in this state.

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Legislative History

En. Sec. 2, Ch. 482, L. 2003.

Nearby Sections

15
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