Current with legislation from the 2023 Regular and Special Sessions signed by the Governor as of November 21, 2023.
Section 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.Added by Acts 1999, 76th Leg., ch. 101, Sec. 1, eff. 9/1/1999.