Indiana Code > Title 27 > Article 1 > Chapter 12.4 – Charitable Gift Annuities
Current as of: 2023 | Check for updates
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Other versions
| § 27-1-12.4-1 | “Internal Revenue Code” |
| § 27-1-12.4-2 | Annuities exempt from regulation |
Terms Used In Indiana Code > Title 27 > Article 1 > Chapter 12.4 - Charitable Gift Annuities
- Annuity: A periodic (usually annual) payment of a fixed sum of money for either the life of the recipient or for a fixed number of years. A series of payments under a contract from an insurance company, a trust company, or an individual. Annuity payments are made at regular intervals over a period of more than one full year.
- Contract: A legal written agreement that becomes binding when signed.
- Department: means "the department of insurance" of this state. See Indiana Code 27-1-2-3
- Internal Revenue Code: means the Internal Revenue Code of 1986, as in effect on January 1, 1994. See Indiana Code 27-1-12.4-1