Issuance of certificate of exemption to issue gift annuities

N.D.C.C. § 26.1-34.1-02 — under Charitable Gift Annuities.

N.D.C.C. § 26.1-34.1-02

The commissioner shall issue a certificate of exemption if: 1. All requirements of this chapter have been met; and 2. The commissioner is satisfied that the corporation is in a position to competently execute its responsibilities relative to such annuity contracts.