Texas § 102.101 NOTICE TO DONOR.

Texas Statutes

§ 102.101 — NOTICE TO DONOR.

Texas § 102.101

Code INInsurance Code

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Bluebook

Tex. Insurance Code Code Ann. § 102.101 (2026).

Text

Sec. 102.101. NOTICE TO DONOR.

(a)A charitable organization that issues a qualified charitable gift annuity shall give to the donor, at the time an agreement for a qualified charitable gift annuity is entered into, written notice that the annuity is not:

(1)insurance under the laws of this state;

(2)subject to regulation by the department; and

(3)protected by a guaranty association affiliated with the department.

(b)The notice must be in a separate paragraph of the annuity agreement in a print size at least as large as the print size generally used in the agreement.

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Sec. 102.101. NOTICE TO DONOR. (a) A charitable organization that issues a qualified charitable gift annuity shall give to the donor, at the time an agreement for a qualified charitable gift annuity is entered into, written notice that the annuity is not:
(1) insurance under the laws of this state;
(2) subject to regulation by the department; and
(3) protected by a guaranty association affiliated with the department.
(b) The notice must be in a separate paragraph of the annuity agreement in a print size at least as large as the print size generally used in the agreement.