Nevada § 688A.285 Qualified charitable-gift annuity: Effect of noncompliance; penalties

Nevada Statutes

§ 688A.285 — Qualified charitable-gift annuity: Effect of noncompliance; penalties

Nevada § 688A.285

Title 57INSURANCE

Ch. 688ALife

GENERAL PROVISIONS

This text of Nevada § 688A.285 (Qualified charitable-gift annuity: Effect of noncompliance; penalties) is published on Counsel Stack Legal Research, covering Nevada primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Nev. Rev. Stat. § 688A.285 (2026).

Text

1.Failure of a charitable organization to comply with the requirements of NRS 688A.283 or 688A.284 for disclosure or notice, or both, does not disqualify an annuity that otherwise constitutes a qualified charitable-gift annuity.

2.The Commissioner may demand, by certified mail with return receipt requested, that the organization comply with those requirements, and may impose a fine of not more than $1,000 for each charitable-gift annuity issued before compliance is complete.

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1. Failure of a charitable organization to comply with the requirements of NRS 688A.283 or 688A.284 for disclosure or notice, or both, does not disqualify an annuity that otherwise constitutes a qualified charitable-gift annuity.
2. The Commissioner may demand, by certified mail with return receipt requested, that the organization comply with those requirements, and may impose a fine of not more than $1,000 for each charitable-gift annuity issued before compliance is complete.