{"data":{"id":"us-tx/tex.-insurance-code-102.001","jurisdiction":"us-tx","citation":"Tex. Insurance Code § 102.001","heading":"DEFINITIONS.","body":"In this chapter:\n(1) \"Charitable gift annuity\" means an annuity:\n(A) that is payable over the lives of one or two individuals;\n(B) that is made in return for the transfer of cash or other property to a charitable organization; and\n(C) the actuarial value of which is less than the value of the cash or other property transferred, with the difference in those values being a charitable deduction for federal tax purposes.\n(2) \"Charitable organization\" means an entity described by:\n(A) Section 501(c)(3), Internal Revenue Code of 1986; or\n(B) Section 170(c), Internal Revenue Code of 1986.\nAdded by Acts 1999, 76th Leg., ch. 101, Sec. 1, eff. Sept. 1, 1999.","path":["INSURANCE CODE","TITLE 2. TEXAS DEPARTMENT OF INSURANCE","SUBTITLE B. DISCIPLINE AND ENFORCEMENT","CHAPTER 102. CHARITABLE GIFT ANNUITIES","SUBCHAPTER A. GENERAL PROVISIONS"],"source_url":"https://statutes.capitol.texas.gov/Docs/IN/htm/IN.102.htm#102.001","current_through":"89th 2nd Called Legislative Session, 2025","vintage":"","retrieved_at":"2026-08-27T01:47:21Z","sha256":"cbf41013e0343d40dcbdc784135ff8f20b8de3cd13424fb1a4fc2cdc16f1d4f4","source_id":"us-tx","stale":false,"prev":"us-tx/tex.-insurance-code-101.356","next":"us-tx/tex.-insurance-code-102.002"},"notice":"GroundRules: Original legal text. Not legal advice."}