Maryland 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 Maryland.

Maryland Charitable Gift Annuity Registration

Agency:Maryland Insurance Administration
Law:

MD Ins. Code § 16-114

Organization Age Requirement: ACCESS PREMIUM DATA
Audit Requirements: ACCESS PREMIUM DATA

Initial Registration

Agency fee:

$0

Notes:

Maryland 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. To qualify organizations must have been in existence as a 501(c)(3) for at least 10 years and must maintain a separate fund reserve fund for annuity funds.

Registration Renewal

Agency fee:

$0

Due: ACCESS PREMIUM DATA
Notes:

There is no renewal form, but charities should submit the required statements and audit to renew their permit.

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