Alaska Charitable Gift Annuity Registration

View Guide Contents
Filling out a form on donation property

Charities are required to meet prerequisites and follow regulations before using charitable annuities for fundraising. This guide contains information about charitable gift annuities in Alaska.

Alaska Charitable Gift Annuity Registration

Agency:Alaska Department of Commerce, Community, and Economic Development - Division of Insurance
Law:

AS § 21.03.021 and AS § 21.03.070

Disclosure Details:

The following language must be disclosed in the agreement for the charitable gift annuity: "A qualified charitable gift annuity is not an insurance policy in this state, is not subject to regulation by the division, and is not protected by the Alaska Life and Health Insurance Guaranty Association established under AS § 21.79.040 or any other association that guarantees payment under a policy of insurance; and the state does not in any way approve or endorse the annuity." The disclosure should also follow the format described in AS § 21.03.070.

Initial Registration

Notes:

Alaska does not license or register issuers of charitable gift annuities, however, certain disclosures and notifications are required. Organizations must notify the division within 90 days after their first issuance of a charitable gift annuity. A notification should be signed by an officer or director, provide the name and address of the organization, and certify that the organization is a charitable organization. The notification should also certify that the annuity is a qualified charitable gift annuity.

Registration Renewal

Not required



Alaska does not require charitable organizations to file on-going reports with the Division of Insurance.

Fundraising Compliance

We provide a full range of charitable registration and compliance services. Learn how we can help your organization.

Stay compliant
© 2012 - 2019 Harbor Compliance. All rights reserved. Harbor Compliance does not provide tax, financial, or legal advice. Use of our services does not create an attorney-client relationship. Harbor Compliance is not acting as your attorney and does not review information you provide to us for legal accuracy or sufficiency. Access to our website is subject to our Terms of Use and Service Agreement.