July 16, 1998
Charities Breathe Easier After Court Decision on Gift Annuities; Model Law Delayed
Charities that raise money through gift annuities feel a new sense of relief after two recent actions regarding the popular planned-giving vehicles.
In late June, the National Association of Insurance Commissioners decided to send back to committee a proposed "model law" on regulating gift annuities. The proposed law, which was to have been sent to all 50 states, could have prompted many of them to step up their scrutiny of gift annuities.
Ten days
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