Hawaii Charitable Gift Annuity Registration

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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 Hawaii.

Hawaii Charitable Gift Annuity Registration

Agency:Hawaii Department of Commerce and Consumer Affairs - Insurance Division
Law:

HI Stat. § 431:1-204

Organization Age Requirement:

10 years of continuous existence immediately preceeding licensure.

Minimum Unrestricted Cash or Cash Equivalent Requirement:

$200,000

Initial Registration

Agency fee:

$0

Notes:

Hawaii requires charities to apply for a permit to receive exemption from state insurance laws. There is no form, but the charity should submit proof that it meets the requirements for exemption as well as sample annuity agreements. To qualify organizations must be registered with the attorney general and maintain a separated reserve account for annuity funds.

Registration Renewal

Not required



Charities must continue filing renewals with the attorney general, but no separate renewal filings are required for exemption permits.

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