{"data":{"id":"us-tx/tex.-insurance-code-102.002","jurisdiction":"us-tx","citation":"Tex. Insurance Code § 102.002","heading":"QUALIFIED CHARITABLE GIFT ANNUITY.","body":"A charitable gift annuity is a qualified charitable gift annuity for purposes of this chapter if it was issued before September 1, 1995, or if it is:\n(1) described by Section 501(m)(5), Internal Revenue Code of 1986; and\n(2) issued by a charitable organization that on the date of the annuity agreement:\n(A) has, exclusive of the assets funding the annuity agreement, a minimum of $100,000 in unrestricted cash, cash equivalents, or publicly traded securities; and\n(B) has been in continuous operation for at least three years or is a successor or affiliate of a charitable organization that has been in continuous operation for at least three years.\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#102.002","current_through":"89th 2nd Called Legislative Session, 2025","vintage":"","retrieved_at":"2026-08-27T01:47:21Z","sha256":"0b7863dcdd2fc7d9cd0152bcb8f0fe7ac5a972e3e8f4ceb9432ee5667dc396c3","source_id":"us-tx","stale":false,"prev":"us-tx/tex.-insurance-code-102.001","next":"us-tx/tex.-insurance-code-102.051"},"notice":"GroundRules: Original legal text. Not legal advice."}