™Your Policy Risk Impact Agent
102 chapters · 2,150 sections in this title.
RCW 48.38.010 Certificate of exemption—Qualification for—Application, contents—Minimum net assets without donor restrictions—"Qualified actuary" defined.
4.2K chars
The commissioner may grant a certificate of exemption to any insurer or educational, religious, charitable, or scientific institution conducting a charitable gift annuity business that: (1) Is organized and operated exclusively as, or for the purpose of aiding, an educational, re…
RCW 48.38.012 Minimum net assets without donor restrictions required.
0.4K chars
After June 30, 1998, an insurer or institution which does not have the minimum net assets without donor restrictions required by RCW 48.38.010(6) may not issue any new charitable gift annuities until the insurer or institution has and maintains the minimum net assets without dono…
RCW 48.38.020 Separate reserve fund—Treatment of assets—Minimum amounts—Purchase of single premium life annuity.
3.6K chars
(1) Upon granting to such insurer or institution under RCW 48.38.010 a certificate of exemption to conduct a charitable gift annuity business, the insurance commissioner shall require it to establish and maintain a separate reserve fund adequate to meet the future payments under …
RCW 48.38.030 Charitable annuity contract or policy form—Contents.
0.7K chars
Each charitable annuity contract or policy form must include the following information: (1) The value of the property to be transferred; (2) The amount of the annuity to be paid to the transferor or the transferor's nominee; (3) The manner in which and the intervals at which paym…
