West Virginia Code > Chapter 33 > Article 13B – Charitable Gift Annuities


33-13B-1	Definitions
33-13B-2	Charitable gift annuity is not insurance
33-13B-3	Notice to donor
33-13B-4	Notice to Insurance Commission
33-13B-5	Failure to provide required notice; penalties
33-13B-6	Unfair or deceptive trade practices act not applicable

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.
Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
Donor: The person who makes a gift.
Gift: A voluntary transfer or conveyance of property without consideration, or for less than full and adequate consideration based on fair market value.
in writing: includes any representation of words, letters, or figures, whether by printing, engraving, writing, or otherwise. See West Virginia Code 2-2-10
State: when applied to a part of the United States and not restricted by the context, includes the District of Columbia and the several territories, and the words "United States" also include the said district and territories. See West Virginia Code 2-2-10