Oklahoma 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 Oklahoma.

Oklahoma Charitable Gift Annuity Registration

Agency:Oklahoma Insurance Department
Law:

OK Stat. § 36-4071 through OK stat. § 36-4082

Foreign Qualification is Prerequisite:Not Set
Organization Age Requirement:

3 years of continuous existence immediately preceeding licensure.

Minimum Unrestricted Cash or Cash Equivalent Requirement:

$100,000

Audit Requirements:

Charities must submit an audited financial statement every year.

Exam Required?Not Set
Registered Agent (Special Agency) Required?Not Set

Initial Registration

Notes:

Oklahoma charities must provide notice within 90 days of when they first enter into a charitable gift annuity agreement. Notices must identify the organization, certify that the organization is a charity and that the annuities issued are qualified charitable gift annuities, and be signed by an officer or director.

Registration Renewal

Due:

Annually within 90 days of receipt of the final audit report.

Revised September 04, 2021. Complete data last reviewed December 04, 2017.
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