352.505. Notice to department, contents. - Missouri Statutes

Notice to department, contents.

352.505. 1. A qualified organization that issues qualified charitablegift annuities shall notify the department of insurance, financialinstitutions and professional registration in writing by the later of ninetydays after August 28, 2001, or the date on which it enters into theorganization's first qualified charitable gift annuity agreement. The noticemust:

(1) Be signed by an officer or director of the organization;

(2) Identify the organization; and

(3) Certify that:

(a) The organization is a qualified organization; and

(b) The annuities issued by the organization are qualified charitablegift annuities.

2. The organization shall be required to submit additional informationif necessary to determine appropriate penalties that may be applicablepursuant to section 352.520.

(L. 1996 S.B. 768 § 2, A.L. 2001 H.B. 664)