A qualified charitable organization may use a portion of the money or property received in exchange for a qualified charitable gift annuity to purchase an annuity upon the life of the annuitant of the qualified charitable gift annuity from an insurance company qualified to transact a business of insurance in this state. Added by Laws 1998, c. 141, § 9, emerg. eff. April 21, 1998.
Purchase of annuities authorized
36 O.S. § 4079 — under Title 36 — Insurance.
36 O.S. § 4079