Bill Text | History of Actions | Amendments | Background | Title |
Description: Charitable gift annuities; issuance does not constitute engaging in business of insurance.
Bill Text: [Introduced] [Passed Senate] [Sent to Governor]
| 1 | 01/15 (S) Referred To Insurance | |
| 2 | 01/25 (S) Title Suff Do Pass | |
| 3 | 01/31 (S) Amended | |
| 4 | 01/31 (S) Passed As Amended | |
| 5 | 02/02 (S) Transmitted To House | |
| 6 | 02/08 (H) Referred To Judiciary A | |
| 7 | 02/20 (H) Title Suff Do Pass | |
| 8 | 02/21 (H) Passed | |
| 9 | 02/22 (H) Transmitted To Senate | |
| 10 | 02/26 (S) Enrolled Bill Signed | |
| 11 | 02/27 (H) Enrolled Bill Signed | |
| 12 | 03/05 Approved by Governor |
| Adopted | [S] | Amendment No 1 |
| Effective date | July 1, 2001 | |
| Disposition | Law | |
| Deadline | General Bill/Constitutional Amendment | |
| Revenue | No | |
| Vote type required | Majority | |
| Chapter number | 332 |
Senate Committee:
House Committee:
Principal Author: Hewes
Title: AN ACT TO PROVIDE THAT THE ISSUANCE OF A QUALIFIED CHARITABLE GIFT ANNUITY DOES NOT CONSTITUTE ENGAGING IN THE BUSINESS OF INSURANCE; TO REQUIRE NOTICE IN WRITING TO THE DONOR THAT A QUALIFIED CHARITABLE GIFT ANNUITY IS NOT INSURANCE AND IS NOT SUBJECT TO REGULATION BY THE INSURANCE COMMISSIONER OR PROTECTED BY AN INSURANCE GUARANTY ASSOCIATION; TO PROVIDE THAT A CHARITABLE ORGANIZATION THAT ISSUES QUALIFIED CHARITABLE GIFT ANNUITIES SHALL NOTIFY THE SECRETARY OF STATE; TO AUTHORIZE THE SECRETARY OF STATE TO FINE ANY CHARITABLE ORGANIZATION WHICH FAILS TO PROVIDE THE REQUIRED NOTICE; TO PROVIDE THAT THE ISSUANCE OF A QUALIFIED CHARITABLE GIFT ANNUITY DOES NOT CONSTITUTE A VIOLATION OF THE PROVISIONS OF LAW WHICH REGULATE TRADE PRACTICES IN THE BUSINESS OF INSURANCE; AND FOR RELATED PURPOSES.
End Of Document
2001/pdf/History/SB/SB2948.htm